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A collection of press releases, audio content and media clips featuring INFORMS members and their research.

AI Thinks Like Us – Flaws and All: New Study Finds ChatGPT Mirrors Human Decision Biases in Half the Tests
News Release

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).

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In 2025, you can’t have an effective democracy without data literacy
Media Coverage

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.

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Shell Shocked: How Small Eateries Are Dealing With Record Egg Prices
Media Coverage

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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Lottery Sales Increase During Pandemic

Lottery Sales Increase During Pandemic

Urban Milwaukee, August 3, 2020

Many Wisconsin residents may have lost their jobs, had their pay or work hours cut, visited food pantries or worried about paying the rent because of the COVID-19 pandemic. But that didn’t stop them from buying lottery tickets in the first months of the pandemic. State Department of Revenue (DOR) figures show total lottery sales between March – when the state’s economy was locked down, mass layoffs and furloughs began and we were told to stay home to “flatten” the COVID-19 curve – and June were up 12.3 percent.

When Companies Favor Bullish Analysts on Calls, Bad News Often Follows

When Companies Favor Bullish Analysts on Calls, Bad News Often Follows

The Wall Street Journal, August 2, 2020

Beware of companies that disproportionately call on bullish analysts to speak during earnings conference calls. They tend to later reveal negative news that drives down their share price. That correlation—detailed in a recent study—can be valuable for investors, says Lauren Cohen, the L.E. Simmons professor in the finance and entrepreneurial management units at Harvard Business School, who co-wrote the study.

Bargaining and the Three-Way Transaction Defines the Daily Deal Market

Bargaining and the Three-Way Transaction Defines the Daily Deal Market

Science Codex, August 3, 2020

f you've ever taken advantage of a nice discount thanks to a promotion from Groupon or LivingSocial, you've tapped the power of the daily deal market yourself. You, the consumer, benefited from the prior bargaining that took place between that big online platform and the merchant, resulting in a lower price for you.

Professor Whose Alarming COVID-19 Predictions Sparked #WeAreUnited Movement Now More Optimistic

Professor Whose Alarming COVID-19 Predictions Sparked #WeAreUnited Movement Now More Optimistic

CBS Sports, August 3, 2020

The University of Illinois professor whose predicted alarming COVID-19 mortality rates for college football players wound up being the inspiration for a threatened Pac-12 players' boycott now has a much brighter outlook ahead of the 2020 season. In fact, Dr. Sheldon Jacobson now considers himself optimistic about college football being played amid a global pandemic.

Walters: Lottery Sales Jump During Pandemic

Walters: Lottery Sales Jump During Pandemic

Gazette Xtra, August 3, 2020

Many Wisconsin residents may have lost their jobs, had their pay or work hours cut, visited food pantries or worried about paying the rent because of the COVID-19 pandemic. But that didn’t stop them from buying lottery tickets in the first months of the health-care crisis. mState Department of Revenue figures show total lottery sales between March—when the state’s economy was locked down, mass layoffs and furloughs began, and we were told to stay home to “flatten” the COVID-19 curve—and June were up 12.3%.

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