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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
Quiz - Introduction to economics
Quiz

Quiz - Introduction to economics

Published on January 31, 2020

Quiz - Trade and the balance of payments
Quiz

Quiz - Trade and the balance of payments

Published on January 29, 2020

Quiz - taxes and subsidies
Quiz

Quiz - taxes and subsidies

Published on January 29, 2020

Quiz - the measurement of national income
Quiz

Quiz - the measurement of national income

Published on January 29, 2020

Quiz - equilibrium national income
Quiz

Quiz - equilibrium national income

Published on January 29, 2020

Quiz - Monetary Policy
Quiz

Quiz - Monetary Policy

Published on January 29, 2020

Quiz - Fiscal Policy
Quiz

Quiz - Fiscal Policy

Published on January 29, 2020

Quiz - contestability and efficiency
Quiz

Quiz - contestability and efficiency

Published on January 29, 2020

Quiz - price determination
Quiz

Quiz - price determination

Published on January 29, 2020

Quiz - perfect competition and monopolistic competition
Quiz

Quiz - perfect competition and monopolistic competition

Published on January 29, 2020

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Older Posts
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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