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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
Image of a computer screen displaying a program used for video editing.
Behavioural economics Business economics Competitive markets Factors of production Managing the economy Labour markets

Labor Market Polarization: AI and the Reshaping of the Video Editing Industry

Published on June 25, 2024

Two screen and two keyboards with trading graphs.
Behavioural economics Business economics Definitions Forex Trading

Behavioral Economics and the Scalping Illusion: How Overconfidence Fuels the Market for Dubious Forex Trading Strategies

Published on June 25, 2024

Photograph of Budapest at dusk
Behavioural economics Business economics Competitive markets

Fiscal Competition and the Rise of Golden Visa Programs

Published on June 13, 2024

Man in a suit writing on a board with post-its attached to it.
Behavioural economics Business economics Competitive markets

Disintermediation and the Rise of Learning Platforms in the Workplace

Published on June 13, 2024

man holding a phone in the right hand and typing on laptop with left, while sitting in a coffee shop.
Behavioural economics Business economics Competitive markets

The Red Queen Effect in Digital Tools: Why Low-Moat Services Must Run Just to Stay in Place

Published on June 10, 2024

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Behavioural economics Business economics Competitive markets Factors of production

Navigating the Learning Curve: Why AI Helper Firms Thrive in Early-Stage Markets

Published on June 08, 2024

Image of a glowing structure from the game minecraft.
Behavioural economics Business economics Competitive markets

Revealed Preference Theory and the Minecraft Economy: What Young Gamers Are Telling Us

Published on June 08, 2024

IT office modern setting in Ukraine.
Behavioural economics Business economics Competitive markets

Labor Arbitrage and the Rise of Hybrid Staffing Models in Global IT

Published on June 06, 2024

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Behavioural economics Business economics Competitive markets

Transaction Cost Economics and the Rise of Self-Service Moving Platforms

Published on June 01, 2024

Man's hands typing on a macbook air.
Behavioural economics Business economics Competitive markets

Tax Arbitrage and Fiscal Competition: How Entrepreneurs Use Jurisdictional Differences to Optimize Taxes

Published on June 01, 2024

Newer Posts
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AI logo and network powe

Beyond the Chips: Why Cables, Connectors and Power Networks Matter to AI Growth

Artificial intelligence is often presented as a race for faster processors and more capable software. Yet every large AI system also depends...
3 min read

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