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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
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Behavioural economics Information Failure Market Failure

The NFT Resurgence and the Minsky Speculative Bubble Cycle

Published on March 21, 2024

A cheerful pink piggy bank wearing glasses sits on books, symbolizing financial wisdom and education. A pocket watch rests nearby.

Financial Literacy as a Pillar of Responsible Banking and Economic Stability

Published on March 20, 2024

A key in a door lock with a house-shaped keychain, sunset softly blurred in the background, symbolizing home and tranquility.

Incentivizing Homeownership: How the FHSA Shapes Savings Behavior and Housing Markets

Published on March 18, 2024

hand holding a smartphone with candle chart for trading.
Behavioural economics

Forex Trading Platforms and the Role of Behavioral Economics: How Emotional Biases and Herd Behavior Shape Currency Markets

Published on March 17, 2024

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Business economics Behavioural economics

Marginal Cost Pricing and the Rise of Affordable Custom Graphic Design Services

Published on March 17, 2024

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Behavioural economics Business economics

Time Preference and Hyperbolic Discounting: Understanding Credit Card Bitcoin Purchases

Published on March 13, 2024

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Behavioural economics Business economics

The Market for Lemons and Its Impact on Financial Resource Sites

Published on March 13, 2024

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Business economics Behavioural economics Factors of production

Transaction Cost Economics and the Evolution of ERP Software Development

Published on March 13, 2024

Identifying and Avoiding Crypto Scams: A Guide for Investors

Identifying and Avoiding Crypto Scams: A Guide for Investors

Published on March 13, 2024

Photograph of buildings on Wall Street
Behavioural economics

Private Wealth Management and Risk Perception: A Prospect Theory Perspective

Published on March 11, 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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