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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
An image of Euro bills.
Definitions Managing the economy

Seigniorage Explained

Published on October 22, 2024

A person playing Playstation.
Definitions Competitive markets

Atomistic Competition

Published on October 21, 2024

Aerial view of a warehouse with tall, organized shelves filled with various cardboard boxes and packages, creating a busy storage environment.

From Overstock to Out of Stock: The Inventory Balancing Act Every Shop Must Master

Published on October 19, 2024

A hand selecting a bright pink miniature house from a row of black and pink model houses.
Definitions Information Failure Market Failure

Adverse Selection in Insurance

Published on October 18, 2024

A collection of various cryptocurrency coins, including Bitcoin.
Crypto Definitions

Trading Automation Penetrates the Cryptocurrency Sector

Published on October 18, 2024

A person playing a game in a handy device.
Definitions Behavioural economics

The Economics of Microtransactions

Published on October 18, 2024

Workers at their desk
Behavioural economics Definitions Business economics Factors of production

Frictional Unemployment

Published on October 17, 2024

A laptop on a glass table displaying financial charts and data dashboards, including bar graphs, line charts, and key performance metrics.

The Growing Importance of Accounting Skills in Economic Analysis

Published on October 17, 2024

Close-up view of a digital stock market chart showing fluctuating lines and numerical values on a screen, representing financial data and market trends.

The Investor's Guide to Vetting Alternative Assets

Published on October 17, 2024

Crypto Exchanges & Competitive Markets: How Fee Structures Influence Market Power

Crypto Exchanges & Competitive Markets: How Fee Structures Influence Market Power

Published on October 16, 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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