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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
Man working on a laptop with code on the screen.
Business economics Competitive markets

Who Captures the Surplus? Complementors vs. Platforms — Platform Economics, Bargaining Power & Value Capture

Published on September 06, 2024

A man working on a task in front of a small, cluttered shop filled with tools, materials, and everyday items.
Definitions Labour markets

Backward Bending Supply Curve

Published on September 04, 2024

A screen and a laptop, with black background and colorful code.
Business economics Competitive markets

Make-or-Buy in Software: The Boundaries of the Firm through Transaction Cost Economics

Published on September 03, 2024

An Intel microchip overlaying a financial chart, with the U.S. Capitol dome and an American flag in the background, symbolizing tech and policy.

US Government Stake in Intel Fuels Volatility in Semiconductor Markets

Published on September 03, 2024

Image of North America from space, at night
Business economics Competitive markets

Economies of Density and the Last-Mile: Urban Economics in the Age of Geocoding

Published on September 03, 2024

Black screen with lines of code on it.
Behavioural economics Business economics Competitive markets

Bayesian Quality Economics: Value of Information & Optimal Thresholds

Published on September 02, 2024

Economic Research: Top 10 Prompts to Generate Topics with AI Assistance

Economic Research: Top 10 Prompts to Generate Topics with AI Assistance

Published on September 01, 2024

An Indonesian passport placed on top of several Indonesian rupiah banknotes and coins.
Definitions Managing the economy

Capital Accumulation

Published on August 31, 2024

A plant growing in a small glass cup filled with coins.
Definitions Managing the economy

Automatic Stabilisers

Published on August 30, 2024

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Global economics

Fintech Sector Continues to Grow Due to Contribution From Third World Economies

Published on August 30, 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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