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AI can work much faster than human employees, but rates of AI hallucinations and other errors remain significant.

The Economics of AI Hallucinations and Error Costs

AI can be great, but "AI hallucinations" are frequent when AI software attempts to plug in data holes with information that it creates. This can include "ghost citations" of false sources of information. What will firms do to limit the dangers of AI error?...
4 min read
Chinese futuristic skyscraper
Behavioural economics Business economics Competitive markets

Debt Sustainability and Intertemporal Budget Constraints: Development Traps in Belt and Road Financing

Published on March 08, 2026

5 Stacks of pennies and other coins in ascending order from left to right.
Behavioural economics Business economics Competitive markets

Credit Rationing and Information Asymmetry: The Economics Behind Online Micro-Loans

Published on March 02, 2026

MacBook with wireframe designs on the screen.
Behavioural economics Business economics Competitive markets

Incomplete Contracts and Complex Requirements: Contract Theory and the Persistence of Bespoke Website Design Services

Published on February 20, 2026

3D Rendered image of a computer with emblems floating around saying PHP, HTML, JS & CSS
Behavioural economics Business economics Competitive markets

Comparative Advantage and Specialization in Execution: Ricardo’s Law Applied to SaaS Development

Published on February 03, 2026

Cell phone with black background and white text.
Behavioural economics Business economics Competitive markets

Bounded Rationality and Behavioral Frictions: Why Simple Digital Tools Outcompete “Built-In” Features

Published on January 30, 2026

Image of Dubai skyline with clouds hanging low.
Behavioural economics Business economics Competitive markets

Information Asymmetry and the Rise of Expat-Focused Real Estate Brokerages

Published on June 13, 2025

The letters "AI" with computer generated swirls around them and dots beneath it.
Behavioural economics Business economics Competitive markets

Labour Substitution and Productivity in AI Video Generation

Published on May 25, 2025

Lock on top of a laptop with neon light swirls
Behavioural economics Business economics Competitive markets

Risk Management and the Economics of Dedicated Proxy Infrastructure

Published on May 25, 2025

Data dashboard on a laptop.
Business economics Behavioural economics Competitive markets

Information Economics and the Value of Business Data Visualisation

Published on May 24, 2025

Map waiting in an airport looking at a plane taking off out the window, with his feet up on carry-on luggage.
Behavioural economics Business economics

Economies of Scale and Corporate Travel Procurement

Published on May 24, 2025

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Older Posts
As streaming subscription costs continue to rise, many customers are experiencing "subscription fatigue" and logging off.

Subscription Fatigue and Consumer Optimization in Digital Markets

Streaming entertainment services seemed like a great deal a decade ago. Now, rising costs have reduced consumers' utility significantly. How can streaming firms fight subscription fatigue and keep longtime customers from canceling due to price hikes?...
4 min read

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