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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
Child sitting in front of a computer with headphones on, with a pen in hand, looking at a laptop, engaging in online learning.
Behavioural economics Business economics Competitive markets

Economies of Scale and the Growth of Online K–12 Learning Platforms

Published on May 31, 2025

Container shipping with Stevedoors
Behavioural economics Business economics Competitive markets

Demand Uncertainty and the Value of Flexible Storage Capacity

Published on May 29, 2025

The letters "AI" with computer generated swirls around them and dots beneath it.
Behavioural economics Business economics Competitive markets

Labour Substitution and Productivity in AI Video Generation

Published on May 25, 2025

Lock on top of a laptop with neon light swirls
Behavioural economics Business economics Competitive markets

Risk Management and the Economics of Dedicated Proxy Infrastructure

Published on May 25, 2025

Map waiting in an airport looking at a plane taking off out the window, with his feet up on carry-on luggage.
Behavioural economics Business economics

Economies of Scale and Corporate Travel Procurement

Published on May 24, 2025

Image of a beautiful cathedral in Spain.
Behavioural economics Competitive markets Business economics

How Purchasing Power Parity Explains the Boom in International Retirement Services

Published on May 15, 2025

Phone with trading bar graphs and another graph in the background.
Behavioural economics Competitive markets Business economics

Information Asymmetry and Retail Participation in CFD Trading

Published on May 10, 2025

Inflatable dingy with several people onboard in red life jackets, with a hollowed out ice berg in the back.
Behavioural economics Business economics

Scarcity and Luxury Pricing in Antarctic Tourism

Published on May 08, 2025

Medical Red Cross and heart symbol
Behavioural economics Business economics

Regulation and the Derived Demand for First Aid Training Courses

Published on May 01, 2025

A piece of industrial equipment that dispenses something akin to saran wrap.
Behavioural economics Business economics Competitive markets

Long Tail Economics and the Online Market for Niche Industrial Equipment

Published on April 26, 2025

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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