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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Overseeing a meeting with thousands of people is a daunting task, writes Sheldon H. Jacobson, who shares some lessons he learned along the way.
MONDAY, April 10, 2023 (HealthDay News) -- ChatGPT, the AI chatbot everyone is talking about, can often give reliable answers to questions about breast cancer, a new study finds. But it's not yet ready to replace your physician.
Rep. Don Beyer (D-Va.) recently introduced a bill to boost data science education. It would offer up to $10 million in grants to schools from nursery school to four-year colleges. Is it a good idea? For one answer, the Federal Drive with Tom Temin with Laura Albert, a University of Wisconsin Professor of Industrial and Systems Engineering.
BALTIMORE, MD, April 12, 2023 – It looks like the “best practice” of removing gendered language from job listings may simply have been a “best guess” by managers seeking to increase diversity of applicant pools for their organizations. New research in the INFORMS journal Management Science finds that tweaking the language of job postings to make them more gender-neutral has negligible practical effects on men’s and women’s likelihood of applying for jobs.
BALTIMORE, MD, April 11, 2023 – It’s commonly assumed that the supply-and-demand economics of the consumer marketplace dictates price. If you are one of few retailers that sells a product consumers want, you can charge more. Or, if supplies of that product are more scarce, again, prices will likely be higher. On the flip side, if supplies are plentiful for a product that is in less demand, prices for that product are likely to be lower.
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