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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
IT office modern setting in Ukraine.
Behavioural economics Business economics Competitive markets

Labor Arbitrage and the Rise of Hybrid Staffing Models in Global IT

Published on June 06, 2024

Equilibrium Quantity
Definitions Competitive markets

Equilibrium Quantity

Published on June 04, 2024

Man's hands typing on a macbook air.
Behavioural economics Business economics Competitive markets

Tax Arbitrage and Fiscal Competition: How Entrepreneurs Use Jurisdictional Differences to Optimize Taxes

Published on June 01, 2024

Laptop in the background that is fuzzy.
Behavioural economics Business economics Competitive markets

Transaction Cost Economics and the Rise of Self-Service Moving Platforms

Published on June 01, 2024

Image of buildings next to a body of water.
Behavioural economics Business economics Competitive markets

Economies of Scope and the Rise of Global Legal Service Platforms

Published on June 01, 2024

Picture of laptop and computer screen with pink underlight. The screens have bar charts on them.
Behavioural economics Business economics Competitive markets

Risk Correlation and Systemic Contagion: The Hidden Danger in Unified Trading Platforms

Published on May 29, 2024

Green and Red net grid meant to represent machine learning nodules
Business economics Competitive markets Factors of production

Comparative Advantage and the Rise of B2B AI & ML Development Services

Published on May 29, 2024

Crypto wallet ledger in a golden box with golden metal bitcoin
Behavioural economics Competitive markets Crypto

How Financial Sovereignty and Decentralization Are Reshaping the Future of Crypto Custody

Published on May 26, 2024

Predatory Pricing
Definitions Competitive markets

Predatory Pricing

Published on May 23, 2024

Man working on two laptops with trading screens on them.
Behavioural economics Business economics Competitive markets

The Principal-Agent Problem and the Rise of Funded Traders: Managing Risk in the Modern Prop Firm Economy

Published on May 16, 2024

Newer Posts
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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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