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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
What is Monetarism?
Definitions Managing the economy

What is Monetarism?

Published on June 09, 2024

Marginal Propensity to Save (MPS)
Definitions Managing the economy

Marginal Propensity to Save (MPS)

Published on May 17, 2024

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Behavioural economics Competitive markets Managing the economy

How Optimal Taxation Theory Explains—and Challenges—the U.S. Exit Tax

Published on May 06, 2024

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Competitive markets Business economics Managing the economy

How VPNs Enhance Market Efficiency by Reducing Friction in Global Commerce

Published on May 01, 2024

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Behavioural economics Business economics Competitive markets Managing the economy

How Technological Diffusion and Democratization of Access Are Transforming Crypto Markets

Published on April 29, 2024

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Behavioural economics Global economics Managing the economy

How Creative Destruction Is Reshaping Web Development Through No-Code Platform

Published on April 28, 2024

Stock Market Crash of 1987
Definitions Global economics Managing the economy

Stock Market Crash of 1987

Published on April 26, 2024

Picture of an old university with a green lawn
Behavioural economics Business economics Managing the economy

Path Dependence in Finance Education: Why Curriculum Change Lags Behind Market Innovation

Published on April 20, 2024

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Behavioural economics Managing the economy Crypto Business economics

Applying the Efficient Frontier: How Diversification Enhances Crypto’s Role in Modern Portfolios

Published on April 19, 2024

Image of an iphone in the dark with the screen lit up showing various app
Managing the economy Competitive markets Business economics

Global Talent and the Law of Comparative Advantage: Understanding Labor Arbitrage in App Development

Published on April 11, 2024

Newer Posts
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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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