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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President Biden announced that the COVID-19 pandemic is over. Medical experts responded with evidence that this is not the case. Even the White House later announced that nothing has changed about the pandemic and that all precautions necessary to suppress the spread of the virus and its impact on the population remain intact and appropriate.
Experts say Biden's announcement to invest nearly $50 million in offshore wind power can move the nation to the forefront of cutting edge technology.
New audio is available for media use featuring Morvarid Rahmani, an associate professor of Operations Management at the Scheller College of Business at Georgia Tech. She speaks about optimizing limited community resources for the homeless and victims of domestic abuse. 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 September 19, 2022.
The past few years have highlighted serious deficiencies in prevalent supply chain strategies and the major risk that disruptions pose to corporate success. Loss of sales and market share are the most visible and measurable impacts. McKinsey estimates that shocks lasting a month or longer are occurring every 3.7 years and companies can expect to lose 42% of one year’s EBITDA every decade due to supply chain disruptions.
For the past two years, Covid put the kibosh on holiday travelers. Now those eagerly planning to travel for Thanksgiving and Christmas are in for sticker shock.
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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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