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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As more enterprise firms and their customers start to question the use of data in analytics, research and artificial intelligence tools, INFORMS is offering an 18-point set of guidelines to ensure ethics in quantitative decision-making.
While problems with flu vaccine distribution in the United States may cost lives and pose a serious threat in the event of a flu pandemic, a new computer model shows that proposed changes to the current distribution system could save thousands of lives. INFORMS members Pinar Keskinocak of the Georgia Institute of Technology, Julie Swann of North Carolina State University, and Zihao Li, a PhD student of Georgia Tech at the time who is currently working at the Centers for Disease Control and Prevention conducted research that found by replenishing flu vaccine stocks in regions where they are being used up and not replenishing them in areas where vaccines are piling up because people aren't getting flu shots would have a population-wide benefit by increasing the total number of vaccinated people. They would then be less likely to get sick and to infect others, reducing the overall flu wave. This change to flu vaccine distribution could save thousands of lives in a regular flu season, and even more in a flu pandemic.
INFORMS, the leading international association for professionals in operations research and analytics, has selected three finalists for the 2019 UPS George D. Smith Prize, which recognizes excellence in preparing students to become practitioners of operations research and analytics.
The 2019 INFORMS Business Analytics Conference in Austin, TX has been named among the best data and analytics conferences and events to attend in 2019! Join over 1,000 leading analytics professionals and industry experts in discovering new mathematical solutions to problems, networking strategies for advancing your career, and recognizing individual and team efforts within your field with most prestigious awards in analytics and operations research. The INFORMS Analytics Conference delivers three days of intensive learning about the latest innovations in analytics.
Andrew Lo, INFORMS member and professor at MIT is working with the MIT Laboratory for Financial Engineering (LFE) and Informa Pharma Intelligence have on an initiative to provide timely and accurate estimates of the risks and benefits of clinical trials to the entire life sciences ecosystem.
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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