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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Our hectic, on-demand lifestyles rely upon allocating finite sets of resources to constantly changing numbers of people. As this task grows ever harder, it will require solutions to a little-known mathematical riddle.
The editors at Solutions Review have created this list of the year’s most anticipated data analytics events to attend. We’ve scoured the web, consulted with conference representatives, and identified where the industry’s top brass will be spending their time. If you are looking for top-notch keynotes, interesting sessions, best practices demos, and legitimate networking opportunities, mark your calendar.
Losing workers during a project is very disruptive. You have to replace that worker or extend the project activity in order to respond properly. But replacing that worker takes a lot of time, including identifying the correct candidate, interviewing candidates, making a decision, waiting for that individual to make a decision and actually begin, then onboarding that new worker. How much time does that take in your organization
With the popularity of online shopping, it’s no secret brick-and-mortar stores are fighting to stay relevant. Waiting area entertainment is one way they are standing out, because no one likes to wait. New research in the INFORMS journal Manufacturing & Service Operations Management says funding entertainment is no easy task, but one way to offset the price and increase customer experience and revenue is to work with, not against competitors.
More isn’t always better. That’s what researchers say when it comes to transparency in the U.S. healthcare system. This research, forthcoming in the INFORMS journal Operations Research, finds that in the short-term, patients who know more about hospital quality is positive, but in the long-term, the benefits may not be what you might think.
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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