AI Advisory

Welcome to AI Advisory — the podcast and publication dedicated to keeping you ahead in the age of artificial intelligence. I’m your host, David Peterson, and today we’re exploring one of my favorite topics: how to use AI in your personal life. Most people still think of AI as a workplace tool. Something for data scientists, corporate strategists, or maybe a productivity booster for busy executives...

AI is often sold as a time-saver — and it’s true. With the right tools, you can automate repetitive tasks, draft faster, analyze data in minutes, and respond to customers at scale. But here’s the thing: simply saving time doesn’t guarantee you’ll grow your business, increase profits, or hit your next career milestone. The real differentiator isn’t how much time AI gives you back — it’s how you rei...

Artificial intelligence has moved past the novelty stage. Chatbots, generative content, and automation tools are no longer just “cool tech” — they’re quickly becoming baseline expectations in competitive industries. But for many businesses, AI adoption is still stuck in experimentation mode. They try tools, dabble with prompts, maybe even run a pilot project — but struggle to translate that into m...

The job search process has changed more in the last two years than in the previous twenty. If you’re still applying the old-fashioned way—sending out the same resume, writing every cover letter from scratch, and spending hours hunting for roles—you’re already behind the curve. Artificial Intelligence is now one of the most powerful tools in a job seeker’s arsenal. Used correctly, it can cut your s...

Today’s episode we’re exploring the world of AI-generated images: how tools like Midjourney, DALL·E, and others are transforming the way we create visuals for work, education, and creative projects.

In this episode, we’re exploring AI in education — specifically, how teachers are using it to personalize learning in ways that used to take hours, sometimes days, of planning. We’ll look at the latest AI integrations in classroom tools, break down a step-by-step method for creating custom quizzes and study guides in seconds, and share the story of a high school teacher who used AI to boost studen...

in this episode, we’re exploring a concept that helps you predict what’s going to last — not just in books and technologies, but in habits, institutions, and even personal decisions. It’s called the Lindy Effect — and it offers a surprising insight: The longer something has survived, the longer it’s likely to keep surviving. Let’s get smarter. What Is the Lindy Effect? The Lindy Effect comes from...

Today, we are dealing with a concept that flips conventional wisdom upside down. In most cases, higher prices reduce demand — that’s Econ 101. But what if, in some markets, raising the price actually increases desire? That’s the paradox of the Veblen Good — a product that becomes more appealing the more expensive it gets. Let’s get smarter.

Today, we’re digging into a concept that helps explain why certain services — such as college tuition, healthcare, or live theater — continue to increase in cost, even when their quality doesn’t appear to change. It’s called Baumol’s Cost Disease, and while the name sounds medical, it’s really about the economics of labor, productivity, and pricing. Let’s get smarter. What Is Baumol’s Cost Disease...

Today we’re tackling a principle that once dominated economic thinking — a phrase you’ve probably heard boiled down to: “Supply creates its own demand.” This is Say’s Law, a foundational idea in classical economics — and also one of the most hotly debated. Let’s get smarter.

This is the Law of Supply and Demand — the invisible force behind price changes, market movements, business strategy, and even what you pay for eggs. Let’s get smarter. What Is the Law of Supply and Demand? At its core, the Law of Supply and Demand explains how prices are determined in a market economy through the interaction of two forces: Demand: How much of a good or service people want at diff...

Today we’re revisiting a cornerstone of international economics. It’s a concept so simple in logic yet so powerful in implication that it underlies the entire modern global trading system. This is the Theory of Comparative Cost — and it explains why countries, companies, and even individuals should specialize in what they do best, even if they’re better at everything. Let’s get smarter. What Is th...

Today we’re exploring a foundational model that tries to answer a huge question: What drives long-term economic growth? It’s called the Solow Growth Model, and it’s one of the most important tools economists use to understand why some countries grow rich, while others stay poor — and what it takes to sustain prosperity over time. Let’s get smarter. Why Study Growth? In economics, we care a lot abo...

today we’re looking at a concept that’s as provocative as it is controversial — a theory that asks: Does inequality get worse before it gets better? It’s called the Kuznets Curve, and it’s been central to debates about growth, fairness, and whether rising prosperity naturally leads to a more equal society. Let’s get smarter. What Is the Kuznets Curve? The Kuznets Curve is a graphical hypothesis th...

Today we’re diving into a concept that transformed not only economics, but also political science, business negotiations, and military planning. It’s called the Nash Equilibrium, and it explains why — in many strategic situations — people don’t necessarily choose the best overall outcome… but instead settle on a stable one, even if it’s suboptimal. Let’s get smarter. What Is a Nash Equilibrium? A...

What Is the Phillips Curve? The Phillips Curve is a graphical representation of the inverse relationship between inflation and unemployment. In its original form, it suggests that: When unemployment is low, inflation tends to rise. When unemployment is high, inflation tends to fall. The idea is that tight labor markets drive up wages, which in turn push up prices — leading to inflation. Conversely...

today we’re going back to one of the foundational ideas in classical economics. It’s a theory that explains why some land is more valuable than other land, why landlords profit even without improving anything, and why inequality in resource ownership can persist for centuries. This is David Ricardo’s Theory of Rent — a simple, elegant model that reshaped how we think about land, location, and econ...

What Is Creative Destruction? The phrase was popularized by economist Joseph Schumpeter in the 1940s. In his book Capitalism, Socialism and Democracy, he described capitalism as a system of constant upheaval — where new innovations relentlessly destroy old ways of doing things. His exact words? “The process of industrial mutation... incessantly revolutionizes the economic structure from within, in...

I’m David Peterson from the DMP Strategy Group, and today we’re turning back the clock to explore one of the most influential — and, in many ways, controversial — economic theories of the past 200 years. This is Malthusian Theory, and it’s all about a fear that has haunted societies for centuries: What happens when population growth outpaces the food supply? Let’s get smarter.

Welcome to another insightful episode of Smarter in 10, where we explore the transformative power of the 10-year question. Host David Peterson of the DMP Strategy Group introduces a pivotal shift in career thinking. Instead of being trapped in short-term cycles, learn to shape your professional and personal life by envisioning where you want to be in a decade. The episode unfolds key strategies us...

Welcome to another episode of Smarter in 10, where big ideas meet eager minds. This time, David Peterson from the DMP Strategy Group explores the concept of building a career moat, an essential strategy for safeguarding and enhancing your value in the fast-evolving job market. Discover how to construct your personal moat by developing a unique combination of skills, reputation, network, adaptabili...

today we’re talking about a subject that sits at the heart of your working life: how to find work that actually fits you — not just your résumé, not just your bills, but you. It’s called The Career Compass, and the goal today is not to give you a magic answer, but to help you ask better questions. Because until you get the questions right, you’ll never get the career right. Let’s dive in. 🧭 Why M...

Today we’re tackling one of the most controversial and politicized ideas in economics: a concept that’s been used to argue for lower taxes, stimulate growth, and at times — let’s be honest — oversimplify fiscal policy. It’s called the Laffer Curve, and it asks a bold question: Can raising taxes actually reduce revenue? Let’s get smarter.  

We’re talking about Behavioral Economics — and more specifically, how nudges can help steer decision-making without restricting freedom. This is the science behind why you choose the salad or the fries, why you sign up for retirement savings or don’t, and how small design tweaks can have outsized effects on behavior. Let’s get smarter.

What happens when everyone acts in their own self-interest with shared resources? In this episode, we explore the Tragedy of the Commons - a fundamental concept that explains everything from overfishing and climate change to traffic congestion and office kitchen etiquette. Discover why rational individual choices can lead to collective disaster, learn about real-world examples that affect your dai...