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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
Inferior good
Definitions

Inferior good

Published on January 28, 2020

Indirect taxes
Definitions

Indirect taxes

Published on January 28, 2020

Income Effect
Definitions Behavioural economics

Income Effect

Published on January 28, 2020

Incidence of tax
Definitions

Incidence of tax

Published on January 28, 2020

Inactivity rate
Definitions

Inactivity rate

Published on January 28, 2020

Import quota
Definitions

Import quota

Published on January 28, 2020

Imports
Definitions

Imports

Published on January 28, 2020

Human development index
Definitions

Human development index

Published on January 28, 2020

The herfindahl-hirschman index
Definitions

The herfindahl-hirschman index

Published on January 28, 2020

Economic growth
Definitions

Economic growth

Published on January 28, 2020

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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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