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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
Abstract image showing skyscrapers with financial charts and graphs overlayed, symbolizing data analysis and market trends.

What Competitive Economics Can Teach Us About Ranking in Search

Published on January 29, 2025

Moral Hazard and Financial Crises: The 2008 Bailouts of US Financial Institutions

Moral Hazard and Financial Crises: The 2008 Bailouts of US Financial Institutions

Published on January 27, 2025

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Behavioural economics Business economics Competitive markets

Fixed Costs, Minimum Efficient Scale, and Entry Barriers in Chartered Private Aviation

Published on January 27, 2025

A ship exporting goods overseas in shipping containers.

The Prisoner's Dilemma in Modern Trade Wars: Analyzing the US-China Tariff Escalations

Published on January 26, 2025

Covid vaccine phials

Public Goods and Collective Action: The Case of Global Vaccination Campaigns

Published on January 26, 2025

White flowers on a dark blue background.
Business economics Competitive markets Behavioural economics

Network Economics and Demand Aggregation: How Online Flower Platforms Became Market Makers

Published on January 25, 2025

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Business economics

New Institutional Economics and the Substitution of Legal Infrastructure: How Global Hiring Platforms Reorganize Employment

Published on January 24, 2025

Semiconductors on a circuit board.

The Role of Comparative Advantage in Global Supply Chains: Lessons from Semiconductor Production

Published on January 23, 2025

Image of someone plotting a strategy

Game Theory in Trade Negotiations: The US-China Trade War

Published on January 23, 2025

Picture of someone holding a savings jar

Behavioral Economics and Retirement Savings: The Success of the UK’s Auto-Enrolment Pension Scheme

Published on January 23, 2025

Newer Posts
Page 33 of 199
Older Posts
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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