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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
Framing Bias: A Comprehensive Guide
Definitions Behavioural economics

Framing Bias: A Comprehensive Guide

Published on May 05, 2023

Availability Bias
Definitions Behavioural economics

Availability Bias

Published on May 04, 2023

The Pygmalion Effect
Behavioural economics Definitions

The Pygmalion Effect

Published on April 29, 2023

The Law of Unintended Consequences
Definitions Behavioural economics Labour markets Managing the economy

The Law of Unintended Consequences

Published on April 07, 2023

Behavioural economics

The Economics of Carbon Credits: Balancing Profit and Planet Health

Published on March 27, 2023

Ricardian Equivalence
Definitions Behavioural economics Global economics Managing the economy

Ricardian Equivalence

Published on March 22, 2023

An image showing a light bulb.
Competitive markets Definitions Factors of production Market Failure Market failures Information Failure Behavioural economics

Allocative Efficiency

Published on March 05, 2023

Joint Supply
Behavioural economics Definitions Factors of production Business economics

Joint Supply

Published on January 24, 2023

Image showing seasaw which is not in balance.
Definitions Behavioural economics Information Failure Market Failure Competitive markets

Asymmetric Information

Published on December 26, 2022

How Rational Choice Theory Affect Marketing Budgets
Behavioural economics Definitions

How Rational Choice Theory Affect Marketing Budgets

Published on February 22, 2022

Newer Posts
Page 17 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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