BALTIMORE, MD, April 1, 2025 – Can we really trust AI to make better decisions than humans? A new study says … not always. Researchers have discovered that OpenAI’s ChatGPT, one of the most advanced and popular AI models, makes the same kinds of decision-making mistakes as humans in some situations – showing biases like overconfidence of hot-hand (gambler’s) fallacy – yet acting inhuman in others (e.g., not suffering from base-rate neglect or sunk cost fallacies).
You are swimming in an ocean of data and don’t even realize it. All around you are invisible amounts of data that would be staggering to try to comprehend. Thousands of smartphones and smart devices are talking to, sending and downloading vast amounts of data, video, audio, words, numbers, images, you name it. Everything from the latest movie on Netflix to someone’s radiology results from a cancer screening.
Mom-and-pop businesses are trying to adapt to the soaring cost of eggs. The owners of four egg-centric restaurants across the country show how they are coping with this threat to their livelihoods.
An audio journey of how data and analytics save lives, save money and solve problems.
Ashley Smith
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INFORMS
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INFORMS Fellow Anna Nagurney shares her research on blood supply chains – challenges and potential solutions – with Karen Brown of New England Public Radio.
Three INFORMS members are among those elected to the National Academy of Engineering for 2017:
Mark S. Daskin: Clyde W. Johnson Collegiate Professor and chair, department of industrial and operations engineering, University of Michigan, Ann Arbor. For leadership and creative contributions to location optimization and its application to industrial, service, and medical systems.
Arkadi Nemirovski: John Hunter Chair and Professor, H. Milton Stewart School of Industrial and Systems Engineering, Georgia Institute of Technology, Atlanta. For the development of efficient algorithms for large-scale convex optimization problems.
Sridhar R. Tayur: Ford Distinguished Research Chair Professor of Operations Management, Tepper School of Business, Carnegie Mellon University, Pittsburgh. For developing and commercializing innovative methods to optimize supply chain systems.
Election to the National Academy of Engineering is among the highest professional distinctions accorded to an engineer. Academy membership honors those who have made outstanding contributions to "engineering research, practice, or education, including, where appropriate, significant contributions to the engineering literature" and to "the pioneering of new and developing fields of technology, making major advancements in traditional fields of engineering, or developing/ implementing innovative approaches to engineering education."
Online display ads can increase both online and offline retail sales, providing valuable insight for future marketing decisions, according to a new study in the INFORMS journal of Marketing Science. Researchers, including those from University of Rochester in the U.S., worked with an unnamed national apparel retailer to evaluate the effects of the retailer’s advertising.
The INFORMS Conference on Business Analytics & Operations research, April 2-4 in Las Vegas, NV was included on the KD Nuggets list of upcoming meetings in analytics, big data, data mining, and data science in 2017.
Scientists and researchers from the countries targeted by the Immigration Executive Order signed by President Donald Trump face growing uncertainty regarding their ability to travel to the U.S. to conduct research or attend meetings and conferences, including the INFORMS Annual Meeting in Houston later this year.
OR/MS Today is the INFORMS member magazine that shares the latest research and best practices in operations research, analytics and the management sciences.
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Analytics magazine showcases articles and research reports based on big data, AI, machine learning, data analytics and other new-age technologies.
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