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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The Institute for Operations Research and the Management Sciences (INFORMS®) today announced that Baxter Healthcare is the winner of the INFORMS Decision Analysis Society Practice Award.
SAN DIEGO, CA, October 6, 2009 – Although many focused hospitals deliver better and faster services in cardiac care and other specialties, a paper being presented at the annual meeting of the Institute for Operations Research and the Management Sciences (INFORMS®) maintains that these hospitals cherry-pick patients to achieve these results, and that average patients actually receive worse care.
HANOVER, MD, June 15, 2009 – An online decision tool created in part by a graduate student at the University of California Irvine helps men diagnosed with prostate cancer sort through an intimidating flurry of possible treatments and customize treatment plans of their own, according to a study in the current issue of Interfaces, a journal of the Institute for Operations Research and the Management Sciences (INFORMS®).
Hanover, MD, August 28, 2007 – A study about predicting the outcome of actual conflicts found that the forecasts of experts who use their unaided judgment are little better than those of novices, according to a new study in a publication of the Institute for Operations Research and the Management Sciences (INFORMS®).
SAN DIEGO, CA, October 1, 2009 – University of California San Diego Adjunct Professor Harry M. Markowitz, whose seminal work in portfolio theory led to his receiving the John von Neumann Theory Prize in 1989 and the Nobel Prize in Economics the following year, will discuss the current economic crisis and recommended solutions at the annual meeting of the Institute for Operations Research and the Management Sciences (INFORMS®).
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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