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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 red bicycle leaning against a wooden fence painted with a large red maple leaf on a background of white and blue panels.
Managing the economy Market Failure

Housing Shortages and Canada's Rental Controls

Published on September 20, 2024

Two men face each other with computer screens showing a car and a shirt, separated by a yellow triangle labeled 'Information Asymmetry'

The Economics of Digital Signaling: Information, Attention, and the Role of Presentation

Published on September 20, 2024

A fisherman rowing in the middle of the sea with huge rock formations in the background.
Definitions Business economics

Primary Sector Economics

Published on September 19, 2024

Forex trading dashboard with candlestick chart, currency symbols, and arrows illustrating lowering barriers in spreads, deposits, and onboarding costs

Graphics Wars: Nvidia Surges While AMD Feels the Pressure

Published on September 19, 2024

Black and white photo of a man looking at his macbook with a trading screen on it.
Business economics Competitive markets

Market Access, Transaction Costs, and Financial Inclusion in Retail FX: The Case of OANDA

Published on September 19, 2024

Smarter Web Company: Leading Bitcoin Purchases in the UK and Shaping the Future

Smarter Web Company: Leading Bitcoin Purchases in the UK and Shaping the Future

Published on September 17, 2024

Diversity and Resilience: The Hidden Drivers of Economic Growth in Modern Business

Diversity and Resilience: The Hidden Drivers of Economic Growth in Modern Business

Published on September 17, 2024

Kitchen Economics: Lease Today, Own Tomorrow?

Kitchen Economics: Lease Today, Own Tomorrow?

Published on September 16, 2024

A tall building with Gothic architecture, featuring tall spires, arched windows, and a lawn.

UK Universities Are Educating the Next Generation of Criminals, Tyrants, and Despots

Published on September 14, 2024

An image showing different AI applications.
Forex Trading Managing the economy

AI Penetrates Retail Currency Trading As More Products Become Available

Published on September 13, 2024

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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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