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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The median age of Americans is about 39 years old, but many of the country’s leaders, including some serving in the highest offices, are over the age of 60.
Halloween lurks a few days away, but something scarier approaches: candy prices rising.
Traffic congestion on U.S. highways added $94.6 billion in costs to the trucking industry in 2021, according to the latest Cost of Congestion study published by the American Transportation Research Institute (ATRI). The cost of congestion in 2021 is the highest level yet recorded through ATRI’s ongoing research initiative.
BALTIMORE, MD, October 30, 2023 – INFORMS, the largest association for the decision and data sciences, has awarded the 2023 Daniel H. Wagner Prize for Excellence in the Practice of Advanced Analytics and Operations Research to the Decision Engineering team from Intel for their work on the transition of semiconductor products from a single large monolithic chip to an assembly of dozens of small chiplets (aka “disaggregation”). This work has realized more than $500 million in benefits so far. The award was presented at the 2023 INFORMS Annual Meeting in Phoenix, Arizona.
Keeping trick or treaters happy this Halloween is probably going to most more than you think. The cost of candy began to soar in April and prices have yet to come back to earth.
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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