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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Math scores of K-12 students in the U.S. plummeted during the COVID-19 pandemic. Hopes that these scores would rebound among teenagers after the pandemic have proven vain. In 2023, U.S. News & World Report reported that math scores among teenagers are the worst they’ve been since the 1970s.
BALTIMORE, MD, January 31, 2024 –
EDITOR’S NOTE: Decision Science Digest is a periodic communique highlighting recent peer-reviewed research published by INFORMS, the largest association for the decision and data sciences, across its 17 journals. This issue highlights four press releases based on the findings of new peer-reviewed articles.
The Transportation Security Administration is moving forward with plans to implement facial recognition technology at U.S. airports and is working with the Department of Homeland Security’s research and development component to analyze data to ensure that the new units are working correctly, agency officials told Nextgov/FCW.
THE PORT OF VIRGINIA – Recent terror attacks on shipping in the Middle East are sparking major geopolitical and economic implications for world trade, which could lead to supply chain disruptions and higher prices.
There is much talk on the campaign trail from the two leading candidates about imposing tariffs on imported goods. Former President Trump wants to impose a 10% tax on all imports. President Biden’s administration is considering imposing tariffs selectively, the so-called “small yard, high fence” approach. The impact of a tariff is not fully predictable and does not follow a straight line. While it may give a small boost to the country imposing tariffs in the short term in a variety of ways, it could have unintended consequences in the long run.
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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