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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
The Fisher Effect
Definitions

The Fisher Effect

Published on November 02, 2022

The Principal-Agent Problem
Definitions

The Principal-Agent Problem

Published on October 31, 2022

Socialism Vs. Communism
Definitions Managing the economy

Socialism Vs. Communism

Published on September 19, 2022

Economics of Outsourcing: Offshore Development Centers
Definitions Business economics

Economics of Outsourcing: Offshore Development Centers

Published on June 23, 2022

Solow Growth Model
Definitions Business economics

Explaining the Solow Model of Economic Growth

Published on May 18, 2022

What Is Demand-Pull Inflation?
Definitions

What Is Demand-Pull Inflation?

Published on May 05, 2022

The Marginal Utility Theory
Definitions

The Marginal Utility Theory

Published on April 21, 2022

Capitalism Vs. Socialism
Definitions

Capitalism Vs. Socialism

Published on March 31, 2022

How Rational Choice Theory Affect Marketing Budgets
Behavioural economics Definitions

How Rational Choice Theory Affect Marketing Budgets

Published on February 22, 2022

What Is Inelastic Demand?
Definitions

What Is Inelastic Demand?

Published on December 18, 2021

Newer Posts
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Older Posts
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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