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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 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

Image of a computer screen displaying a program used for video editing.
Behavioural economics Business economics Competitive markets Factors of production Managing the economy Labour markets

Labor Market Polarization: AI and the Reshaping of the Video Editing Industry

Published on June 25, 2024

Types of Takeovers in Economics
Definitions Competitive markets

Types of Takeovers in Economics

Published on June 18, 2024

Credit Default Swap (CDS)
Definitions Competitive markets

Credit Default Swap (CDS)

Published on June 16, 2024

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Behavioural economics Business economics Competitive markets

Disintermediation and the Rise of Learning Platforms in the Workplace

Published on June 13, 2024

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Behavioural economics Business economics Competitive markets

Fiscal Competition and the Rise of Golden Visa Programs

Published on June 13, 2024

man holding a phone in the right hand and typing on laptop with left, while sitting in a coffee shop.
Behavioural economics Business economics Competitive markets

The Red Queen Effect in Digital Tools: Why Low-Moat Services Must Run Just to Stay in Place

Published on June 10, 2024

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Behavioural economics Business economics Competitive markets Factors of production

Navigating the Learning Curve: Why AI Helper Firms Thrive in Early-Stage Markets

Published on June 08, 2024

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Behavioural economics Business economics Competitive markets

Revealed Preference Theory and the Minecraft Economy: What Young Gamers Are Telling Us

Published on June 08, 2024

Kinked Demand Curve
Definitions Competitive markets

Kinked Demand Curve

Published on June 06, 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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