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AI is a convenient tool for getting answers in common language...but are these answers accurate?

The Economics of AI Hallucinations: Information Quality as a Market Good

Many of us love to use AI programs, from ChatGPT to Grok to Google Gemini, to give us answers to complex questions in simple, common language. But are we risking financial and economic inefficiency due to AI errors? Will consumers demand that their AI answers be human-verified?...
4 min read
Alternatives to GDP in Measuring Countries
Managing the economy Global economics Labour markets

Alternatives to GDP in Measuring Countries

Published on October 06, 2020

What a rising PMI means for the global economy
Managing the economy Global economics

What a rising PMI means for the global economy

Published on October 05, 2020

Explaining The Disconnect Between The Economy and The Stock Market
Business economics Managing the economy

Explaining The Disconnect Between The Economy and The Stock Market

Published on October 02, 2020

Guest Posts Welcome

Guest Posts Welcome

Published on September 20, 2020

Understanding how supply, demand equilibrium affects market growth
Managing the economy Behavioural economics

Understanding how supply, demand equilibrium affects market growth

Published on September 11, 2020

Consumer Confidence Compared to Q2 Job Growth
Competitive markets Business economics Labour markets

Consumer Confidence Compared to Q2 Job Growth

Published on September 11, 2020

U.S Money Supply Since Covid-19 Outbreak
Managing the economy

U.S Money Supply Since Covid-19 Outbreak

Published on September 11, 2020

Arbitrage Price Theory vs. Capital Asset Pricing
Competitive markets Business economics

Arbitrage Price Theory vs. Capital Asset Pricing

Published on September 09, 2020

PCP or Lease: What to Choose?
Market failures

PCP or Lease: What to Choose?

Published on September 06, 2020

Federal Interest Rate Projections for 2021
Business economics Managing the economy

Federal Interest Rate Projections for 2021

Published on September 02, 2020

Newer Posts
Page 102 of 178
Older Posts
Digital twins and AI modeling can help companies determine exactly when maintenance should be done to maximize efficiency.

The Economics of Digital Twins and Predictive Maintenance

Large companies may be spending billions of dollars a year in inefficient maintenance on their capital goods, either doing too much maintenance and wasting money or not enough maintenance and dealing with equipment failure. Can digital twins and AI end this inefficiency?...
4 min read

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