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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
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Behavioural economics

Sanford Schmidt and the Economics of Trust in an Automated Wealth Management Era

Published on August 17, 2024

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Behavioural economics Managing the economy Business economics

Bayesian Persuasion and Information Design: How Free Audits Shape Client Decisions

Published on August 15, 2024

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Behavioural economics Business economics

Hedonic Pricing and Consumer Surplus in the Experience Economy: Why We Hire a Chef

Published on August 03, 2024

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Behavioural economics Definitions

Herding Psychology and Economics

Published on July 31, 2024

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Definitions Behavioural economics

Loss Aversion Definition

Published on July 24, 2024

Irrational Exuberance Meaning
Definitions Behavioural economics

Irrational Exuberance Meaning

Published on June 30, 2024

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Behavioural economics Competitive markets Business economics

Spatial Economics and Hyper-Local SEO: Proximity as a Market Differentiator

Published on June 28, 2024

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Business economics Behavioural economics Competitive markets Definitions Information Failure Managing the economy

Excess Capacity and Market Fragmentation: Why So Many Trading Platforms Exist

Published on June 28, 2024

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Behavioural economics Business economics Crypto

The Innovator’s Dilemma: Why Legacy Firms Like VistaPrint Must Reinvent to Survive

Published on June 28, 2024

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Behavioural economics Business economics Competitive markets Factors of production Global economics

Platform Economics and Modularity: How Composable Tools Are Reshaping Enterprise Software

Published on June 28, 2024

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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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