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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
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Global economics Managing the economy

Transition Risk: Navigating the Financial Implications of Climate Mitigation Strategies

Published on December 04, 2024

Gold coins with the Bitcoin logo placed on a dark surface with glowing lights in the background.
Global economics Crypto

The Emergence and Potential of Zero-Knowledge Proofs in Blockchain Technology

Published on November 27, 2024

Image of a warehouse well ordered and neat.
Business economics Competitive markets Behavioural economics Global economics

Modular Capital and the Fragmentation of Industrial Demand: Economies of Scale vs. Economies of Scope

Published on November 22, 2024

Light industrial machinery printing simple electronics.
Business economics Competitive markets Global economics Managing the economy

Lower Entry Barriers: Used Machinery and Small-Firm Formation

Published on November 21, 2024

 A person standing in jeans and casual shoes beside a military-style backpack, boots, and an American flag on the ground.
Managing the economy Global economics

The Military-Industrial Complex: How Ongoing Conflicts Drive Profits for Defense Contractors

Published on November 13, 2024

Two windmills on a hilltop with a scenic background of mountains, a lake, and a sunset sky.
Business economics Managing the economy Labour markets Behavioural economics Global economics

The Impact of Small, Highly Efficient, and Cheap Nuclear Reactors on Developed Economies: A Focus on Energy Costs and Transportation

Published on November 11, 2024

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Definitions Global economics

What does Hysteresis do?

Published on November 08, 2024

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Global economics Definitions

Economic Ripple of Spanish Gold

Published on October 28, 2024

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Managing the economy Global economics

Why is Turkey a Bad Economy?

Published on October 11, 2024

An image of fruits like cherries and tomatoes along with a price tag.
Global economics Managing the economy

Did Food Prices Increase during the Great Depression?

Published on September 27, 2024

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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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