News Room

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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An audio journey of how data and analytics save lives, save money and solve problems.

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INFORMS
Catonsville, MD
[email protected]
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Census Bureau Appoints New Leader and Members to Census Scientific Advisory Committee

Census Bureau Appoints New Leader and Members to Census Scientific Advisory Committee

United States Census Bureau, August 15, 2018

The U.S. Census Bureau has named five new members and a chair to the Census Bureau’s Census Scientific Advisory Committee (CSAC). The committee provides advice on the design, operation and implementation of Census Bureau programs. Among the committee members is Thomas M. Cook, a former INFORMS president and former president of The Institute of Management Sciences (TIMS). 

How beer revolutionized math - and just might save humanity

How beer revolutionized math - and just might save humanity

Ag Funder News, August 1, 2018

According to a new article by INFORMS member Joseph Byrum, every firm today that is heavily invested in big data, such as Amazon, Google, and Microsoft, all owe their success to beer. The pioneering work of Irish brewers a century ago made today’s big data and artificial intelligence gold rush possible. And the advances in genetics, technology, and mathematics may well be the key to humanity’s survival.

Digital vs. print publications: New study shows playing favourites can hurt overall sales

Digital vs. print publications: New study shows playing favourites can hurt overall sales

Domain-B, June 29, 2018

Since the first e-book platform launched in 2007, e-book sales grew to comprise 20 per cent of all book sales by 2015. To ensure the increasing popularity of e-books did not undermine the success of their printed counterparts, publishers frequently delayed the digital publication date for several weeks after the print edition has been released. 

A study of 175 years of stock market activity reveals innovation and speculation drives bubble activity

A study of 175 years of stock market activity reveals innovation and speculation drives bubble activity

News Release, August 1, 2018

CATONSVILLE, MD, August 1, 2018 – A group of data scientists conducted an in-depth analysis of major innovations and stock market bubbles from 1825 through 2000 and came away with novel takeaways of their own as they found some very distinctive patterns in the occurrence of bubbles over 175 years. The study to be published in the August edition of the INFORMS journal Marketing Science is titled “Two Centuries of Innovations and Stock Market Bubbles,” and is authored by Alina and Sorin Sorescu of Mays Business School at Texas A&M University; Will Armstrong of the Rawls College of Business at Texas Tech University; and Bart Devoldere from the Vlerick Business School in The Hague, The Netherlands.

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