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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As hospital supply chains endure inflationary pressures, the surge of multiple viruses and typical "end-of-the-year chaos," medical supply experts told Becker's their top concerns heading into 2022's winter.
BALTIMORE, MD, October 26, 2022 – New research in the INFORMS journal Marketing Science, conducted by researchers at the University of Chicago and University of Washington, finds a 10% increase in TV product placement for cigarettes increases sales by 2% for the tobacco brand shown on-screen. Furthermore, it has the same effect on its direct competitors’ sales as well.
New audio is available for media use featuring Robert Handfield, the executive director of the Supply Chain Resource Cooperative at NC State University. He’s also the Bank of America University Distinguished Professor of Supply Chain Management in NC State’s Poole College of Management. He speaks about the upcoming holiday supply chain challenges in 2022. This content is made available by INFORMS, the largest association for the decision and data sciences. What follows are 4 questions and responses. These responses were provided on October 24, 2022.
Many believe surge pricing helps drivers on ride-sharing platforms earn more. But research conducted by myself and other academics suggests it can hurt many gig drivers, especially full-timers.
The supply-chain disruptions over the past few years have put a lot more focus on the idea of bringing manufacturing back to the U.S.
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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