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.
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INFORMS, the leading international association for professionals in operations research and analytics, has awarded the Department of Business Analytics at the University of Iowa the 2021 UPS George D. Smith Prize. The award recognizes excellence in preparing students to become practitioners of operations research and analytics.
Duke, Cornell and the University of Illinois (Urbana-Champaign)conducted widespread COVID-19 surveillance testing during the 2020-2021 academic year. As of early March 2021, Cornell had 645 positive cases amongst students, faculty and staff, while Duke had 639 cases and the University of Illinois had 6,122 positive cases. All of these institutions regularly reported positivity rates under 1 percent, yet their population infection rates were dramatically different; 4 percent for Cornell, around the same for Duke, and over 20 percent for the University of Illinois. All these schools have remained open during the entire academic year, using a variety of in-person and remote education strategies.
As vaccination eligibility opens up and more people get their shots, employers are looking for the best data on when and how to safely bring their employees back to work.
A Wisconsin medical leader says COVID-19 cases and hospitalizations are trending in the wrong direction.
According to a public filing Friday, Robert Kramer, CEO of Emergent BioSolutions, received a 51 percent increase in total compensation in 2020, to $5.6 million, before the company ruined 15 million doses of the Johnson & Johnson vaccine, according to The Washington Post. According to the report, the vaccine had been contaminated with ingredients of the AstraZeneca vaccine.
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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