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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Researchers from the United States published new research in the INFORMS journal Marketing Science, which sheds light on just how much it may take for the companies to profitably “steal” customers from their competitors.
CATONSVILLE, MD, July 15, 2019– Researchers from the United States published new research in the INFORMS journal Marketing Science (Editor’s note: The source of this research is INFORMS), which sheds light on just how much it may take for the companies to profitably “steal” customers from their competitors.
Big Data Analytics and Artificial Intelligence have moved from emerging technologies to become core tools in organizations today. These technologies enable enterprises to dive deeper into ever-growing volume of data to solve multifaceted business problems. In an interview with Analytics Insight, Melissa Bowers, PhD, Director of the Master’s in Business Analytics (MSBA) program at the Haslam College of Business, the University of Tennessee, Knoxville shares how the college offers a cutting-edge business analytics program to train the next generation of data scientists for today’s forward-thinking organizations.
The New York Police Department, working mostly in secret with private companies and in-house data scientists, has developed its own crime-forecasting technology.
Whether or not you have an analytics background, in this digital age algorithms are everywhere… in how ambulances determine their route to the hospital, in elections… you name it.
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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