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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
Capital Account of the Balance of Payments
Definitions Managing the economy

Capital Account of the Balance of Payments

Published on January 24, 2024

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Behavioural economics Managing the economy

The Ripple Effect of Microlending on Economic Growth: A Study Through the Lens of the Multiplier Effect

Published on January 20, 2024

A 3d graphic of various social media and tech companies' logos
Business economics Managing the economy Competitive markets

Social Media Views as a Liquid Store of Value: Analyzing the Role of Network Effects

Published on January 20, 2024

Autarkic: A Comprehensive Guide
Definitions Global economics Managing the economy

Autarkic: A Comprehensive Guide

Published on January 16, 2024

Several parked cars at a car dealership in Japan.
Managing the economy

How Digital Approaches are Disrupting Brick-and-Mortar Businesses: The Case of Car Buying and Selling

Published on January 13, 2024

Positive vs. Normative Economics: A Comprehensive Guide
Definitions Managing the economy

Positive vs. Normative Economics: A Comprehensive Guide

Published on December 21, 2023

A hand holding an older model iphone taking a picture of several tall residential buildings of 40 stories or higher.
Managing the economy Market failures Business economics

eSIMs and the Green Digital Economy: Supporting IoT and Carbon Emission Reductions

Published on December 21, 2023

AI-Guided Educational Tools: A Growing Economic Niche
Managing the economy

AI-Guided Educational Tools: A Growing Economic Niche

Published on December 15, 2023

Dutch Disease
Definitions Managing the economy

Dutch Disease

Published on December 01, 2023

Understanding the J Curve with Graphs
Definitions Managing the economy

Understanding the J Curve with Graphs

Published on December 01, 2023

Newer Posts
Page 11 of 27
Older Posts
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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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