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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New research in the INFORMS journal Management Science supports the theory that testosterone influences the decision making of stock market traders, and could be a cause of market instability.
"Soft skills" such as communication and teamwork are crucial proficiencies for a supply chain leader to hold. However, these skills are often overlooked amid today's technology-driven industry, according to Yossi Sheffi, PhD, INFORMS member, Elisha Gray II professor of engineering systems at the Massachusetts Institute of Technology in Cambridge, and director of the MIT Center for Transportation and Logistics.
The Institute for Operations Research and Management Sciences (INFORMS) holds its semi-annual meeting and exposition at the George R. Brown Convention Center, Houston, Texas, October 22 – 25, 2017. At the Lindo Systems Inc booth, I see that their optimization software is capable of doing linear, integer, and nonlinear programming. I ask Linus Schrage, Lindo President, how his company is helping businesses in the oil refining, petrochemical, and oil/gas industries. Here is what he has to say.
Ramayya Krishnan, dean of the Heinz College of Information Systems and Public Policy, has been elected to lead the 12,500 members of INFORMS, or the Institute for Operations Research and the Management Sciences, a professional association for operations research and analytics professionals and students.
A new study in the INFORMS journal Management Science, conducted by researchers from the Western University, Oxford University and Claremont Graduate University, found that testosterone can negatively impact the stability of the stock market.
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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