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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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Behavioural economics Business economics Competitive markets

Economies of Scope and the Rise of Global Legal Service Platforms

Published on June 01, 2024

Picture of laptop and computer screen with pink underlight. The screens have bar charts on them.
Behavioural economics Business economics Competitive markets

Risk Correlation and Systemic Contagion: The Hidden Danger in Unified Trading Platforms

Published on May 29, 2024

Crypto wallet ledger in a golden box with golden metal bitcoin
Behavioural economics Competitive markets Crypto

How Financial Sovereignty and Decentralization Are Reshaping the Future of Crypto Custody

Published on May 26, 2024

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Behavioural economics Business economics

Human Capital Theory and the Rise of Funded Trader Platforms: How Education Meets Opportunity in Online Finance

Published on May 16, 2024

Man working on two laptops with trading screens on them.
Behavioural economics Business economics Competitive markets

The Principal-Agent Problem and the Rise of Funded Traders: Managing Risk in the Modern Prop Firm Economy

Published on May 16, 2024

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Behavioural economics Factors of production Global economics

How Comparative Advantage Is Driving the Outsourcing of Fintech Development

Published on May 16, 2024

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Behavioural economics Competitive markets Business economics

How Signaling and Reputation Economics Explain the Changing Landscape in DEI in Business

Published on May 15, 2024

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Behavioural economics Business economics Competitive markets

How Friction Costs and Present Bias Drive the Economics of Junk Car Disposal

Published on May 15, 2024

Image of Bitcoin bar chart on a smartphone.
Behavioural economics Business economics Competitive markets

How Technology Diffusion and Democratization Are Reshaping Retail Trading in the Age of AI

Published on May 15, 2024

Positive Feedback Loop Examples
Definitions Behavioural economics

Positive Feedback Loop Examples

Published on May 12, 2024

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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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