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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The summer travel season is fast approaching. As people begin to book their tickets, one consistent theme is high airfares — and the situation may not get better any time soon.
Rob Handfield is the Bank of America University Distinguished Professor of Supply Chain Management at North Carolina State University and director of the Supply Chain Resource Cooperative. He also serves as an adjunct professor with the Supply Chain Management Research Group at the Manchester Business School. Plus a review of the Hyundai Palisade and answers to a listener questions
Distinguished Professor at the UCLA Anderson School of Management, Christopher Tang, takes a deep dive into ChatGPT and the AI revolution that is taking the world by storm.
BALTIMORE, MD, May 23, 2023 –
EDITOR’S NOTE: Decision Science Digest is a periodic communique highlighting recent peer-reviewed research published by INFORMS, the largest association for the decision and data sciences, across its 17 journals. This issue highlights four press releases based on the findings of new peer-reviewed articles.
Could this be the year when America starts to shift away from the employer-sponsored health insurance model?
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