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Firms will soon be using AI modeling to determine their optimal level of output and pricing.

Algorithmic Collusion Without Communication

Tomorrow, will the stores you frequent be using AI modeling to set their pricing and production figures? AI models are doing that right now, and may come to engage in "collusion" by independently concluding that higher prices and lower output leads to greater profits....
4 min read
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

The Money Market Graph and Interest Rate Determination
Definitions Competitive markets

The Money Market Graph and Interest Rate Determination

Published on April 29, 2023

The Pygmalion Effect
Behavioural economics Definitions

The Pygmalion Effect

Published on April 29, 2023

The Law of Unintended Consequences
Definitions Behavioural economics Labour markets Managing the economy

The Law of Unintended Consequences

Published on April 07, 2023

Monetary Base
Definitions Managing the economy

Monetary Base

Published on April 06, 2023

Structural Unemployment
Definitions Managing the economy

Structural Unemployment

Published on April 05, 2023

Ricardian Equivalence
Definitions Behavioural economics Global economics Managing the economy

Ricardian Equivalence

Published on March 22, 2023

Budget Surplus Definition
Definitions Managing the economy Global economics

Budget Surplus Definition

Published on March 22, 2023

Non-Price Competition
Competitive markets Definitions Business economics

Non-Price Competition

Published on March 22, 2023

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Cityscape featuring a mix of historic and modern architecture, including a red brick building with a tower and clock amidst tall glass structures.

Shifts in the UK economy are changing attitudes to investment risk

The United Kingdom is a nation of savers, with an exceptionally low risk appetite when it comes to investing. Could a brightening economic o...
4 min read

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