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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
The Lorenz Curve
Definitions Managing the economy Behavioural economics Business economics

The Lorenz Curve

Published on September 24, 2021

What Is the Malthusian Theory of Population?
Managing the economy Behavioural economics Definitions

What Is the Malthusian Theory of Population?

Published on July 29, 2021

What is the Sunk Cost Fallacy?
Behavioural economics Definitions

What is the Sunk Cost Fallacy?

Published on July 29, 2021

Understanding consumer sovereignty
Competitive markets Behavioural economics Definitions Managing the economy

Understanding consumer sovereignty

Published on June 07, 2021

Can you maximize your earning potential by skipping college?
Behavioural economics

Can you maximize your earning potential by skipping college?

Published on December 23, 2020

Does Public Choice Theory Affect Economic Output?
Business economics Behavioural economics

Does Public Choice Theory Affect Economic Output?

Published on October 13, 2020

How to address moral hazard in capitalism
Behavioural economics

How to address moral hazard in capitalism

Published on October 07, 2020

Understanding how supply, demand equilibrium affects market growth
Managing the economy Behavioural economics

Understanding how supply, demand equilibrium affects market growth

Published on September 11, 2020

Covid-19 Effect on Microfinance and the Third-World Economies
Global economics Behavioural economics

Covid-19 Effect on Microfinance and the Third-World Economies

Published on August 01, 2020

Understanding The Economic Model of Human Behavior
Business economics Behavioural economics

Understanding The Economic Model of Human Behavior

Published on July 06, 2020

Newer Posts
Page 18 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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