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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Few tactics in baseball fuel more debate than the bunt. Following a steady decline starting in 2011, this year has already seen record numbers of bunts among professional baseball players with surprising results.
At the 2018 World Cup, the Brazilian team's star player has been criticized for his theatrics, in particular his repeated episodes of writhing on the ground claiming injury and fouls. But how did this effect his team's overall performance? Here is a break down of how often he 'flopped' and for how long, and the overall impact.
The annual federal report on toxic material emissions from industrial sites across the country gains widespread media attention and serves as a reminder of the potential environmental impacts of industrial activities. But do federal regulators actually persuade companies to abandon toxic chemicals by simply highlighting that information? The answer appears to be yes, according to a study in the INFORMS journal Manufacturing & Service Operations Management.
CATONSVILLE, MD, July 11, 2018 – Anyone who shops online is familiar with those ‘top-rated’ products or services that rise to the top of their search on e-commerce intermediary sites like Amazon or Expedia. So, do those rankings really help those products or services get sold?
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. However, new research in the INFORMS journal Management Science found that delaying the sale of the e-version of a new book does not lead to increased print sales, and can result in significantly fewer e-book sales once the digital version is made available.
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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