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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
Illusory Correlation
Definitions Behavioural economics

Illusory Correlation

Published on May 12, 2023

Luxury Sportswear Sector Unaffected by Constraints in Global Consumer Demand

Published on May 12, 2023

The Impact of COVID-19 on Flight Cancellations and Compensation

The Impact of COVID-19 on Flight Cancellations and Compensation

Published on May 12, 2023

How’s the UK Housing Market Faring in 2024?

How’s the UK Housing Market Faring in 2024?

Published on May 09, 2023

Understanding the Tragedy of the Commons with Examples
Definitions Behavioural economics Market Failure

Understanding the Tragedy of the Commons with Examples

Published on May 08, 2023

Bitcoin ETFs Signal Institutionalized Acceptance of Crypto
Crypto

Bitcoin ETFs Signal Institutionalized Acceptance of Crypto

Published on May 07, 2023

Master Guide to Trading: Stocks, Cryptocurrencies, and Forex

Master Guide to Trading: Stocks, Cryptocurrencies, and Forex

Published on May 07, 2023

Framing Bias: A Comprehensive Guide
Definitions Behavioural economics

Framing Bias: A Comprehensive Guide

Published on May 05, 2023

Ranking Finance Careers by Level of Difficulty

Published on May 05, 2023

Availability Bias
Definitions Behavioural economics

Availability Bias

Published on May 04, 2023

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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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