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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With so much personal data floating publicly on the internet, consumers have a legitimate interest in controlling the information flow. Some are taking matters into their own hands, opting out of certain data-collection websites or using paid removal services to do the scrubbing on their behalf.
After the U.S. shot down a "high-altitude object" hovering above Alaska's waters on Feb. 10 and a confirmed Chinese spy balloon the week prior, it's unclear what these actions mean for the U.S.-China medical supply chain.
BALTIMORE, MD, February 13, 2023 – Two INFORMS members have been elected to the National Academy of Engineering (NAE). Donald Goldfarb is an Alexander and Hermine Avanessians Professor of Industrial Engineering and Operations Research at Columbia University and David Simchi-Levi is a Professor of Engineering Systems and core faculty in the Institute of Data, Systems and Society at Massachusetts Institute for Technology.
Concerns are mounting among policymakers and utility companies amid the impact of severe weather on the nation's electrical grids. In recent months, electrical grids in Texas have been tested to the point of near failure. So it seems like perfect timing that new research in the INFORMS journal Management Science identifies a new method that provides the best way to utilize "direct load control contracts" to mitigate electricity demand surges, increase grid reliability and reduce electricity cost. All of this right down to the individual household.
Chinese American physicist Xiaoxing Xi is still haunted by the memory of an early morning in 2015, when a group of FBI officers surrounded his home in Pennsylvania.
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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