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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Benefits of Super Bowl ads linger in the months following the annual game, with sales boosts during other major sporting events like NCAA March Madness, NBA playoffs and MLB games, according to a study in the INFORMS journal Marketing Science.
A study recently published in the INFORMS journal Management Science finds lower rates of within-industry entrepreneurship in states with strong noncompete enforcement. Using data on about 5.5 million new firms in 30 states, the researchers found that strongly bound workers were significantly less likely to build new companies within the same industry.
Bros don't know. In a new study in the INFORMS journal Management Science, individuals and groups of three were given general-knowledge and forecasting questions. All-male groups had worse discussion dynamics than groups with at least one woman. As a result, their judgments were more poorly calibrated than the other groups’ — and even compared to individual men or women.
We’ve all heard the story of Vincent van Gogh cutting his ear off and of Jackson Pollock’s alcoholism and depression. The struggles facing the creative “genius” are so ingrained in our culture that it has its own moniker: “tortured artists.” Some of the greatest creators of all time are synonymous with depression. But a new study in the INFORMS journal Management Science finds that work created by artists when they are unhappy is valued less than their other works.
In the next three weeks, SEC fans will ponder, debate, agonize and pray over which school their most-coveted recruits will choose on National Signing Day. But a mathematical model has already made the call for all of them – sort of. The model, designed by Iowa Ph.D. candidate Kristina Bigsby, relies on social media posts and “basic biographical information” – presumably including publicly available data like hometown and school. Her work was published in the journal Decision Analysis, from INFORMS.
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