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Digital twins and AI modeling can help companies determine exactly when maintenance should be done to maximize efficiency.

The Economics of Digital Twins and Predictive Maintenance

Large companies may be spending billions of dollars a year in inefficient maintenance on their capital goods, either doing too much maintenance and wasting money or not enough maintenance and dealing with equipment failure. Can digital twins and AI end this inefficiency?...
4 min read
3d rendering of silicon computer chips with a cloud to symbolize cloud computing
Behavioural economics Global economics

The Rise of Cloud Hosting: Trends, Impacts, and the Role of Managed Services in Supporting a Data-Driven Economy

Published on December 10, 2023

Normative Economics and its Applications
Definitions Behavioural economics Managing the economy

Normative Economics and its Applications

Published on November 03, 2023

Utility Maximisation: A Guide to Rational Decision-Making
Definitions Behavioural economics

Utility Maximisation: A Guide to Rational Decision-Making

Published on September 27, 2023

Equimarginal Principle
Definitions Behavioural economics

Equimarginal Principle

Published on August 10, 2023

Bounded Rationality
Definitions Behavioural economics

Bounded Rationality

Published on June 25, 2023

Marginal Rate of Substitution (MRS)
Definitions Behavioural economics

Marginal Rate of Substitution (MRS)

Published on May 21, 2023

Illusory Correlation
Definitions Behavioural economics

Illusory Correlation

Published on May 12, 2023

Understanding the Tragedy of the Commons with Examples
Definitions Behavioural economics Market Failure

Understanding the Tragedy of the Commons with Examples

Published on May 08, 2023

Framing Bias: A Comprehensive Guide
Definitions Behavioural economics

Framing Bias: A Comprehensive Guide

Published on May 05, 2023

Availability Bias
Definitions Behavioural economics

Availability Bias

Published on May 04, 2023

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As AI makes fake news harder to distinguish from factual information, will consumers begin paying for verified sources?

The Economics of Deepfake Detection: Trust, Verification, and Information Markets

As AI makes fake news and misinformation harder and harder to detect, will consumers and producers begin paying for verification and certification of authenticity? Should governments get involved to re-establish trust in information to soothe roiling markets?...
4 min read

Recent Post

What would happen if sellers could use AI to determine how much you are willing and able to pay for every possible product?
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December 24, 2025
Thanks to the ease of remote work with today's technology, do cities still enjoy an agglomeration advantage?
The Geography of Remote Work: Are Cities Losing Their Agglomeration Advantage?
December 19, 2025
Instead of paying for Internet ads or TV commercials featuring celebrities, many firms are now using social media influencers to endorse products.
The Economics of Micro-Influencers: Reputation, Pricing, and Market Structure
December 19, 2025

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