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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
Man sitting at a laptop looking at the screen, leaning in, wearing glassees and looking chubby.
Behavioural economics Business economics Competitive markets

Dual Labour Market Theory and the Casualisation of Work in the Age of Micro-Jobs

Published on March 15, 2025

Legal law library with busts of famous legal minds.
Behavioural economics Business economics

Emotional Elasticity and Behavioral Economics: Pricing and Advertising in Divorce Legal Markets

Published on March 13, 2025

9 blank yellow post its, with the 9th one being placed by a woman's hand.
Behavioural economics Business economics Competitive markets

Why Small Businesses Pay for Checklists: The Economics of Scarcity, Bounded Rationality, and the Shadow Price of Attention

Published on March 12, 2025

Top down view of university auditorium
Behavioural economics Business economics Competitive markets

Labor Market Segmentation and Internal Labor Markets: Dual Labor Market Theory in Government-Aligned University Programs

Published on March 07, 2025

Statue of lady justice being blind.
Behavioural economics Business economics Competitive markets

Access to Justice and Credit Constraints: Credit Rationing in Personal Injury Litigation

Published on March 05, 2025

Laptop With text in orange that says "Join us online" on a white background.
Behavioural economics Business economics Competitive markets

Loss Leaders and Customer Acquisition Cost (CAC): Price Discrimination in the Market for Free Resume Templates

Published on March 03, 2025

Glowing digital signage at night
Business economics Behavioural economics

Creative Destruction and the Rise of Physical-Digital Advertising: How Innovation is Shifting Back to the Real World

Published on March 01, 2025

Forex currency trading on phone and laptop
Behavioural economics Business economics Competitive markets

Transaction Timing and Option Value: Real Options Theory in the Age of the EUR/USD Live Chart

Published on February 27, 2025

Flowers in the back of a pickup truck on a busy street.
Behavioural economics Business economics Competitive markets

Two-Sided Platforms and Rent Capture: Platform Economics in Digital Flower Delivery

Published on February 26, 2025

4 Software developers working at the same table, with laptops open.
Business economics Behavioural economics Competitive markets

Labor Market Institutions and Wage Compression: An Institutional Labor Economics Perspective on Software Developer Salaries Worldwide

Published on February 25, 2025

Newer Posts
Page 4 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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