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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When it comes to analytics, Polly Mitchell-Guthrie has a long track record. She is vice president of industry outreach and thought leadership at Kinaxis, a supply chain management and analytics software company.
Scientists and engineers of Chinese descent are relinquishing their corporate positions or tenured positions at top-tier U.S. institutions such as Harvard, MIT, and Princeton at an unprecedented rate. To make matters worse, many of them are leaving for China to compete against the United States. More than 1,400 Chinese scientists left the United States for China in 2021.
Failure has become unacceptable, and that is a tragedy. Failure provides some of the greatest lessons that each of us will ever learn. How many of us in our youth exhibited judgment that we find distasteful today? Experience is a painful teacher, but the lessons learned are invaluable.
Politics always ranks high on the list of controversial topics. With the midterm elections just weeks away, the economy, gun policy and violent crime are the top three issues of concern to voters. In Canada, a National Post poll ahead of her 2021 federal election put the cost of living, health care costs and the post-pandemic economic recovery as the top three issues. These lists reflect the differences and similarities between the two countries.
“Shark Tank,” the popular prime-time ABC network business reality program, started its 14th season Sept. 23 with a new twist: It was broadcast with a live audience. The results of this change were highly vocal spectators much like what you would find at a professional wrestling event, with the Sharks often serving as the defacto gladiators.
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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