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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
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

Computer screen with app thumbnails
Business economics Behavioural economics Factors of production

Transaction Cost Economics and the Evolution of ERP Software Development

Published on March 13, 2024

Newer Posts
Page 14 of 20
Older Posts
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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