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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
Definitions

Carbon_offsetting

Published on January 28, 2020

What are buffer stocks?
Definitions

What are buffer stocks?

Published on January 28, 2020

Definitions

Barriers_to_entry

Published on January 28, 2020

Balance of payments - definition
Definitions

Balance of payments - definition

Published on January 28, 2020

Definition of asymmetric shocks
Definitions

Definition of asymmetric shocks

Published on January 28, 2020

Asymmetric information - definition
Definitions

Asymmetric information - definition

Published on January 28, 2020

Definition of aggregate supply
Definitions

Definition of aggregate supply

Published on January 28, 2020

Definitions

Aggregate_demand

Published on January 28, 2020

Definitions

Affordability

Published on January 28, 2020

Definition of ad valorem tax
Definitions

Definition of ad valorem tax

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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