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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
Europe’s EV Market Booms — Without Tesla

Europe’s EV Market Booms — Without Tesla

Published on August 19, 2024

Illustration of a house with money, a calculator, and a rising bar chart with a percentage symbol, representing Help to Buy loan repayment

Equity Loan Repayment under the UK Help to Buy Scheme: Economic Considerations

Published on August 19, 2024

A man holding a pen, writing at a desk.
Behavioural economics

Sanford Schmidt and the Economics of Trust in an Automated Wealth Management Era

Published on August 17, 2024

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Business economics

Loss Leader Pricing and Cross-Elasticity of Demand: How Free Services Drive Profitable Sales

Published on August 16, 2024

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Behavioural economics Managing the economy Business economics

Bayesian Persuasion and Information Design: How Free Audits Shape Client Decisions

Published on August 15, 2024

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Definitions Business economics

ATC Curve

Published on August 13, 2024

Close-up of a globe focusing on Eurasia, showcasing colorful countries and geographical features against a blurred background.

Trading Without Borders? How Design and Infrastructure Are Redefining 'Distance'

Published on August 12, 2024

Man viewed from Top Down, working on a laptop and looking at invoices.
Business economics Managing the economy Market Failure

Unpaid Invoices: The Hidden Crisis Facing UK Small Businesses

Published on August 12, 2024

A person making a contactless payment with a blue card using a small card reader.
Managing the economy

Many Sanctioned Economies Are Unaffected Largely Due to Decentralized Commerce Powered by the Web

Published on August 11, 2024

A man holding a baby and reading a children's book.
Managing the economy

Memory updated The Economic Impact of the Paternity Leave (Bereavement) Act in the UK

Published on August 11, 2024

Newer Posts
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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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