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Today, thanks to Application Programming Interfaces (APIs), diverse software can communicate with each other.

API Economies and the Modularization of Production

The dozens of apps on your phone can communicate with each other thanks to Application Programming Interfaces (APIs), which revolutionized software beginning in the year 2000. What are the economic ramifications of modularized production, where add-ons and expansions abound?...
4 min read
Does Public Choice Theory Affect Economic Output?
Business economics Behavioural economics

Does Public Choice Theory Affect Economic Output?

Published on October 13, 2020

Largest Retail Bankruptcies Caused By 2020 Pandemic
Market failures Business economics Managing the economy

Largest Retail Bankruptcies Caused By 2020 Pandemic

Published on October 13, 2020

Identifying Speculative Bubbles and Its Effect on Markets
Competitive markets Business economics Market failures

Identifying Speculative Bubbles and Its Effect on Markets

Published on October 13, 2020

Explaining The Disconnect Between The Economy and The Stock Market
Business economics Managing the economy

Explaining The Disconnect Between The Economy and The Stock Market

Published on October 02, 2020

Consumer Confidence Compared to Q2 Job Growth
Competitive markets Business economics Labour markets

Consumer Confidence Compared to Q2 Job Growth

Published on September 11, 2020

Arbitrage Price Theory vs. Capital Asset Pricing
Competitive markets Business economics

Arbitrage Price Theory vs. Capital Asset Pricing

Published on September 09, 2020

Federal Interest Rate Projections for 2021
Business economics Managing the economy

Federal Interest Rate Projections for 2021

Published on September 02, 2020

Covid-19 Chapter 11 Retail Bankruptcies and Restructures
Competitive markets Business economics

Covid-19 Chapter 11 Retail Bankruptcies and Restructures

Published on September 02, 2020

How producer price index affects other inflation measures
Business economics Managing the economy

How producer price index affects other inflation measures

Published on September 02, 2020

Business economics

Forex Trading Hours in the UK: Beginners Guide

Published on August 26, 2020

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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

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