News Room

A collection of press releases, audio content and media clips featuring INFORMS members and their research.

AI Thinks Like Us – Flaws and All: New Study Finds ChatGPT Mirrors Human Decision Biases in Half the Tests
News Release

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).

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In 2025, you can’t have an effective democracy without data literacy
Media Coverage

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.

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Shell Shocked: How Small Eateries Are Dealing With Record Egg Prices
Media Coverage

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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Orion's Vanneman: Look to small caps, foreign stocks and value in '23

Orion's Vanneman: Look to small caps, foreign stocks and value in '23

Money Life, December 23, 2022

Rusty Vanneman, chief investment strategist at Orion Portfolio Solutions, says that persistent inflation -- for longer than most observers are expecting -- is going to keep the Federal Reserve hawkish for longer, which investors will have to adjust to by diversifying away from the mega-cap stocks that have been a particular drag on portfolios this year. He suggests that investors look to small-cap stocks, non-US issues plus real assets and value investments to smooth out the ride in the year ahead. In The NAVigator segment, John Cole Scott of Closed-End Fund Advisors and the Active Investment Company Alliance looks back at 2022 for the closed-end fund industry and reviews his forecasts, most notably how his basket of five funds for the year came out ahead of the market and poised to rebound in the new year. Plus, University of Toronto professor Opher Baron discusses how retailers are changing return policies in response to consumer habits and global supply-chain issues -- saying that consumers must pay more attention than ever to how stores handle returns -- and forensic accountant Tracy Coenen -- author of 'The Marriage Money Guide (for Women)' -- discusses financial fidelity and how couples can keep their finances on the level so that money doesn't make them lose their minds.

The fashion industry's dirtiest secret

The fashion industry's dirtiest secret

Business Insider, December 23, 2022

Every year more than 100 billion apparel items are created by the industry — enough for every person on Earth to get 14 new pieces of clothing each year, and more than double the amount of clothing produced in 2000. And because of our "buy-and-return" culture, a lot of that clothing is getting sent back to retailers. Despite what many people think, most clothing returns are not restocked, repurposed, or reused — they end up in the garbage.

Netflix’ Chaos Monkey And Supply Chain

Netflix’ Chaos Monkey And Supply Chain

Forbes, December 22, 2022

I recently had a conversation with Carlos Crespo, Chief Operating Officer of Zara parent company Inditex, in which he mentioned a software tool created by Netflix over a decade ago to institutionalize system resilience. The name is catchy, and for supply chain leaders trying to reinvent their supply networks for turbulent times, it is irresistible. And yet, a GoogleGOOG -0.2% search for "supply chain chaos monkey" yielded exactly one citation, from 2012.

New Audio Available for Media Use: What the 2023 Workplace Will Look Like

New Audio Available for Media Use: What the 2023 Workplace Will Look Like

Audio Clip, January 3, 2023

BALTIMORE, MD, January 3, 2023 – New audio is available for media use featuring Anita Woolley. She is Associate Dean of Research at the Tepper School of Business at Carnegie Mellon University. She’s a Professor of Organizational Behavior and Theory. She speaks about what the workplace will look like this year. This content is provided by INFORMS, the largest association for the decision and data sciences. What follows are four questions and responses. These responses were provided on December 20, 2022.

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