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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(CNN) — When Russian President Vladimir Putin sent his forces into Ukraine a year ago, most observers expected a quick victory for the invaders.
The first step towards a more resilient supply chain is to map it in detail. Next, it is important to identify which parts of the supply chain are most vulnerable. To do this, businesses are increasingly using the approach MIT professor David Simchi-Levi introduced a decade ago. Supported by modern tools, his approach makes it possible to stress test any supply chain.
As an artificial intelligence researcher, Cynthia Rudin has watched the recent, explosive growth of the technology with a keen, concerned eye.
The next Target online order that ends up at your door might come from a new type of shipping facility aimed at making deliveries cheaper and faster.
As part of UMass Amherst’s ongoing partnership with the Kyiv School of Economics (KSE), Tymofiy Mylovanov, president of KSE, visited campus and met with UMass leaders on Feb. 22. Mylovanov has previously served as the minister of trade for Ukraine.
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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