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AI can work much faster than human employees, but rates of AI hallucinations and other errors remain significant.

The Economics of AI Hallucinations and Error Costs

AI can be great, but "AI hallucinations" are frequent when AI software attempts to plug in data holes with information that it creates. This can include "ghost citations" of false sources of information. What will firms do to limit the dangers of AI error?...
4 min read
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

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

Warehouse with blue racks and pallets stacked.
Behavioural economics Business economics Competitive markets

Economies of Scale and the Rise of Fulfilment Software

Published on April 16, 2025

Black and white photo of a jail with a silhouette on the white wall.
Behavioural economics Business economics Competitive markets

The Economic Impact of Incarceration: A Human Capital Perspective

Published on April 16, 2025

Two developers working side by side with multiple screens and 1 ipad.
Behavioural economics Business economics Competitive markets

Skill-Biased Technological Change and the New Economics of Web Agencies

Published on April 11, 2025

Purple text that says "The Exchange"
Behavioural economics Business economics

Rational Expectations and Volatility in Foreign Exchange Markets

Published on April 02, 2025

Book with text on it.
Behavioural economics Business economics Competitive markets

Public Goods and the Economics of Cheap Content Replication

Published on March 30, 2025

Sticker that says "PAY ME" on a wall outside
Behavioural economics Competitive markets Business economics

Transaction Costs and the Economics of Payroll Compliance Platforms

Published on March 26, 2025

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As streaming subscription costs continue to rise, many customers are experiencing "subscription fatigue" and logging off.

Subscription Fatigue and Consumer Optimization in Digital Markets

Streaming entertainment services seemed like a great deal a decade ago. Now, rising costs have reduced consumers' utility significantly. How can streaming firms fight subscription fatigue and keep longtime customers from canceling due to price hikes?...
4 min read

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