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.
An audio journey of how data and analytics save lives, save money and solve problems.
Ashley Smith
Public Affairs Coordinator
INFORMS
Catonsville, MD
[email protected]
443-757-3578
Explore our resources for multiple topics including:
Today’s episode looks at details in the latest WASDE report from USDA, livestock market trends, the Panama Canal situation, and why members of the House are focused on California’s ban on combustible engines
The term “tripledemic” is being used to express the concerns about the collective spread of COVID-19, influenza and the respiratory syncytial virus, or RSV, during this fall and winter. Yet each of these infectious diseases has their own risk profile. Placing them under the same epidemic umbrella may inadvertently overstate the impending dangers — perhaps to the point of crying wolf when a calmer descriptor would be more beneficial and appropriate.
Deceptive videos and images created using generative AI could sway elections, crash stock markets and ruin reputations. Researchers are developing methods to limit their harm.
Latest inflation numbers: Not very good news as inflation seems to be supply-side, so it is much harder to control. Gas prices will also negatively affect the price of food even more for the next quarter at least. This means that interest rates will remain high for a while, possibly even into 2025. Also, deflation is not a bad thing if it is transitory and aimed at first necessity goods, as opposed to affecting consumption in the long run.
In the UK, NHS workers ranging from nurses to junior doctors went on strike in 2023 to express their grievances about their pay. These localised and staggered strikes have caused inconvenience, but they did not affect the UK economy significantly. However, the coordinated United Auto Workers (UAW) strike in the US, which began on September 15, is much larger in terms of scale and scope.
OR/MS Today is the INFORMS member magazine that shares the latest research and best practices in operations research, analytics and the management sciences.
Access OR/MS Today Magazine
Analytics magazine showcases articles and research reports based on big data, AI, machine learning, data analytics and other new-age technologies.
Access Analytics Magazine