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Thanks to APIs, many programmers can create add-ons and extensions to existing software.

API Economies and the Modularization of Production

Thirty years ago, you had to buy entirely new software when your current program became obsolete. Today, you can download an extension, patch, or upgrade. Thanks to APIs, application programming interfaces, these "modular" additions to software can come from virtually anywhere....
4 min read
Efficient Market Hypothesis and the Realities of Forex Trading

Efficient Market Hypothesis and the Realities of Forex Trading

Published on April 10, 2024

Schumpeterian Growth and Disruptive Innovation in the Education Sector

Schumpeterian Growth and Disruptive Innovation in the Education Sector

Published on April 10, 2024

Game Theory and Consensus Mechanisms in Blockchain Economies

Game Theory and Consensus Mechanisms in Blockchain Economies

Published on April 10, 2024

The Economics of International Recruitment

The Economics of International Recruitment

Published on April 09, 2024

Reducing Information Asymmetry: The Economic Value of Transparency in Financial Markets

Reducing Information Asymmetry: The Economic Value of Transparency in Financial Markets

Published on April 07, 2024

Apple’s Strategic Leap

Apple’s Strategic Leap

Published on April 07, 2024

Understanding Shadow Price
Definitions Managing the economy

Understanding Shadow Price

Published on April 05, 2024

Using Trend Analysis and Forecasting to Optimise Growth as a New Business

Using Trend Analysis and Forecasting to Optimise Growth as a New Business

Published on April 05, 2024

Human Development Index (HDI)
Definitions Managing the economy

Human Development Index (HDI)

Published on March 31, 2024

Labour Intensive
Definitions Business economics

Labour Intensive

Published on March 31, 2024

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Although increasingly popular, AI still makes serious mistakes...which could cost companies big bucks in damages.

The Economics of AI Hallucinations and Error Costs

To save money on labor, many companies want to use AI to automate basic office functions, from customer service to research. However, AI is prone to making mistakes that are confidently presented as accurate facts. What are the economic implications of unchecked AI use by companies?...
5 min read

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