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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Sheldon Jacobson writes in his column Sunday that the Princeton Gerrymandering Project has given the new Illinois congressional map a grade of F, and he uses that metric to conclude that Illinois needs an independent redistricting commission. However, there is more to the story.
Alvin J. Silk, a renowned marketing expert and the Lincoln Filene Professor of Business Administration Emeritus at Harvard Business School (HBS), passed away in October, 2021. He was widely recognized as an influential scholar and educator in the field of marketing.
CATONSVILLE, MD, November 3, 2021 – Online sellers and marketers are quite familiar with reputation systems that seek to understand and shape online reputations, oftentimes in the form of online reviews.
The holiday season is fast approaching. Families and friends are looking forward to festive meals and social events. The CDC recently issued guidance on how to hold holiday gatherings safely, with vaccination as the best strategy for all eligible participants. However, with over 30 percent of those 12 years of age and older still not fully vaccinated, are holiday gatherings reasonable or reckless?
As we continue to move forward through the COVID-19 pandemic, Americans grapple with the enormous strain on humanity and the health system. We are presented with the challenge—and opportunity—of asking how health care can adapt to provide more efficient methods of addressing the needs of patients, fostering resiliency and preparedness for the future, and providing higher-value care. For decades, the field of economics and outcomes research has designed and deployed methods to conduct clinical and economic evaluation of health interventions. These tools serve as an important foundation to derive information on value and efficiency across the health care system.
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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