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If AI software scans you and decides you want the product more than average, should it be able to charge you more money?

AI Price Discrimination and the End of the “Uniform Price”

Sellers have long wished to be able to charge higher prices to customers who are willing and able to pay more. Now, with AI software, sellers may finally have the ability to quickly and accurately analyze customers' willingness to pay. Is this ethical?...
4 min read
Supermarket shelves, colorful packages.
Behavioural economics

Economic Efficiency and Inventory Turnover: How Grocery Stores Use Just-in-Time (JIT) Systems to Reduce Costs and Waste

Published on March 27, 2024

Smartphone with BTC chart on a black textured background.
Behavioural economics Business economics

Liquidity Preference Theory and the High Cost of Instant Bitcoin Purchases

Published on March 25, 2024

Image of bitcoin and an amorphous red shape on black background.
Behavioural economics

Meme Coin Presales and the Greater Fool Theory: A Speculative Bubble in the Making

Published on March 23, 2024

Man in white robe driving a rolls royce
Behavioural economics

The Economics of Luxury Car Rentals in Dubai: Analyzing the Experience Economy and Status Signaling

Published on March 22, 2024

Marginal Utility Formula
Definitions Behavioural economics

Marginal Utility Formula

Published on March 22, 2024

Tezos neon sign with black background and smoke
Behavioural economics Information Failure Market Failure

The NFT Resurgence and the Minsky Speculative Bubble Cycle

Published on March 21, 2024

Laptop with accounting software on the screen
Behavioural economics

The Time Value of Money and Accounts Receivable Software: How Faster Collections Improve Financial Performance

Published on March 21, 2024

hand holding a smartphone with candle chart for trading.
Behavioural economics

Forex Trading Platforms and the Role of Behavioral Economics: How Emotional Biases and Herd Behavior Shape Currency Markets

Published on March 17, 2024

Colorful screen and blocks with letters
Business economics Behavioural economics

Marginal Cost Pricing and the Rise of Affordable Custom Graphic Design Services

Published on March 17, 2024

Website with graphs, viewed on laptop screen.
Behavioural economics Business economics

The Market for Lemons and Its Impact on Financial Resource Sites

Published on March 13, 2024

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Today, the labor market is undergoing yet another evolution thanks to both applicants and hiring managers using AI.

Algorithmic Hiring and the New Labor Market Matching Function

When you see a job you want, are you using AI to optimize your online application, resume, and cover letter? Do you know whether your words will pass through the hiring managers' filters, or be automatically deleted? A look at the effect of AI on today's hiring markets....
4 min read

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