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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Artificial intelligence is mostly a blessing. But sometimes it can be a curse. New research currently under review at the journal Management Science explores a new instance of an algorithm gone awry.
Incoming chief executives tend to replace top lieutenants within the first few years of joining a company. New academic research suggests there might be an incentive to do so when it comes to at least one key position: the finance chief.
Investigators publish new report on Science - Management Science. According to news reporting originating in Berlin, Germany, by NewsRx journalists, research stated, “We study a firm’s capacity choice under demand uncertainty given that it must finance this investment externally. Sharing profits with investors causes governance problems affecting both capacity and demand: the firm may ‘steal’ capital, which reduces effective capacity, and ‘shirk’ on market development, which reduces demand.”
Bike-sharing systems have swept the world, making them the transportation mode of choice for many urban millennials. Cities like Hangzhou and Shanghai in China and London, Paris, and New York have the biggest networks. Washington, D.C. and Chicago are among the largest in the U.S.
Internet users seem to recognize native ads as advertisements and aren’t deceived into thinking that branded content is bona fide news, according to new research published by the Institute for Operations Research and the Management Sciences (INFORMS).
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