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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
Stock Market Crash of 1987
Definitions Global economics Managing the economy

Stock Market Crash of 1987

Published on April 26, 2024

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Behavioural economics Business economics Competitive markets

Reputation Economics and Signaling Theory: Why “Made in Germany” Dominates the Global Baby Formula Market

Published on April 24, 2024

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Forex Trading Global economics Information Failure

Market Microstructure Theory: How Intraday Data Powers Modern Price Discovery and Arbitrage

Published on April 23, 2024

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Behavioural economics Business economics

Piggybacking on Brand Value: The Economics of Free Riding in the Accessory Market

Published on April 23, 2024

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Behavioural economics Business economics Competitive markets

Market Efficiency and the Role of Technology in Transforming the Tourism Industry

Published on April 22, 2024

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Competitive markets Behavioural economics Business economics

Interest Rate Parity: The Economic Principle That Anchors Currency Values

Published on April 22, 2024

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Behavioural economics Business economics Managing the economy

Path Dependence in Finance Education: Why Curriculum Change Lags Behind Market Innovation

Published on April 20, 2024

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Competitive markets Behavioural economics Business economics

Incentives Matter: How Academic Economists Respond to the Market of Ideas

Published on April 19, 2024

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Behavioural economics Managing the economy Crypto Business economics

Applying the Efficient Frontier: How Diversification Enhances Crypto’s Role in Modern Portfolios

Published on April 19, 2024

Buying a Used Car - Smart Economic Move?

Buying a Used Car - Smart Economic Move?

Published on April 15, 2024

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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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