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 minimum wage is getting lip service on the campaign trail. Well-intentioned plans can backfire, Christopher Tang writes in a guest commentary.
Election Day is about 20 days away, and polls suggest that it will be close in several key states. Yet it did not have to be that way. Indeed, the Republicans missed an opportunity to decisively win the White House when Donald Trump won the right to be their nominee.
Jon Tester, the incumbent Democratic senator from Montana, is in a dogfight to retain his Senate seat. Larry Hogan, the former Republican governor of Maryland, is in a similar battle, to win a Senate seat by reengaging the very same voters who elected him governor for two terms.
Source Water Protection Week reminds everyone how critical water is for our health and well-being. We take for granted that anytime we need to quench our thirst, bathe or wash our clothes, clean potable water will be available. Yet is this a safe assumption to make?
The supply chain for many small parcel shipping companies is typically long. Products are often made in distant lands, travel on oceans and waterways, arrive at ports, are then transported to warehouses, from where a third-party logistics provider delivers the product to its intended destination. In a stable world, shippers and customers alike can expect a product to be delivered within the promised time window. However, in a world facing high levels of uncertainty caused by war, pandemic, political instability, raw material shortages, freak accidents (recall the regional and national impact of the bridge collapse in the Port of Baltimore caused by a container ship), and weather, the shipper must work overtime to ensure customer expectations are met at no additional cost, despite these uncertainties.
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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