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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
A blonde and a brunette with a laptop and a phone open, showing the words "University".
Business economics Competitive markets Factors of production

Adaptive Learning as Bayesian Updating: Decision Theory in Modern Test Prep

Published on September 18, 2025

Today's digital era can result in subscription fatigue as consumers try to mentally budget their many digital subscriptions.

The Subscription Fatigue Paradox: When Too Many “Small” Payments Hurt Growth

Published on September 17, 2025

Polluting firms can purchase carbon offsets (also known as carbon credits) to reduce their environmental impact. Does it work?

Carbon Offsets and the Market for Guilt Reduction

Published on September 17, 2025

International Money Transfers: Reducing Transaction Costs and Enhancing Efficiency

International Money Transfers: Reducing Transaction Costs and Enhancing Efficiency

Published on September 16, 2025

When you listen to your favorite artist through a subscription service, does he or she get paid fairly for the work they produced?

The Streaming Royalty Puzzle: Who Gets Paid and Why

Published on September 15, 2025

How much would you be willing to pay to ensure that your identity was protected online?

The Rise of Pay-to-Verify: Monetizing Digital Identity

Published on September 15, 2025

In the near future, art generated by AI may be indistinguishable from that created by a human artist.  What then?

The Economics of Generative AI in Creative Industries

Published on September 15, 2025

Many consumers encounter dark patterns in website development that influence them to spend more than they planned.

Dark Patterns and Consumer Choice Architecture

Published on September 05, 2025

Many consumers today purchase bundles of streaming services rather than individual services.

The Economics of Subscription Bundling Wars

Published on September 03, 2025

Could sophisticated AI software quickly determine the maximum you would pay for any item, and charge you accordingly?

Surge Pricing in the Age of AI: Fairness or Exploitation?

Published on August 29, 2025

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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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