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AI is a convenient tool for getting answers in common language...but are these answers accurate?

The Economics of AI Hallucinations: Information Quality as a Market Good

Many of us love to use AI programs, from ChatGPT to Grok to Google Gemini, to give us answers to complex questions in simple, common language. But are we risking financial and economic inefficiency due to AI errors? Will consumers demand that their AI answers be human-verified?...
4 min read
What Does Ceteris Paribus Mean?
Definitions

What Does Ceteris Paribus Mean?

Published on August 26, 2021

Stagflation Simplified
Business economics Managing the economy

Stagflation Simplified

Published on August 26, 2021

Technology in Banking: Innovations That Will Impact the Future of Banking

Technology in Banking: Innovations That Will Impact the Future of Banking

Published on August 23, 2021

Money-Saving Tips for Your Expenses
Managing the economy

Money-Saving Tips for Your Expenses

Published on August 09, 2021

Business Strategies That Save Money

Business Strategies That Save Money

Published on August 08, 2021

Transferring Money Internationally to the USA and the Struggles of the Mighty Dollar

Transferring Money Internationally to the USA and the Struggles of the Mighty Dollar

Published on August 01, 2021

What Is the Malthusian Theory of Population?
Managing the economy Behavioural economics Definitions

What Is the Malthusian Theory of Population?

Published on July 29, 2021

Trickle-Down Economics: Why It Only Works in Theory
Definitions Managing the economy

Trickle-Down Economics: Why It Only Works in Theory

Published on July 29, 2021

What is the Sunk Cost Fallacy?
Behavioural economics Definitions

What is the Sunk Cost Fallacy?

Published on July 29, 2021

Is the US Consumer Buckling Under Inflation?

Is the US Consumer Buckling Under Inflation?

Published on July 24, 2021

Newer Posts
Page 98 of 178
Older Posts
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

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