News Room

A collection of press releases, audio content and media clips featuring INFORMS members and their research.

AI Thinks Like Us – Flaws and All: New Study Finds ChatGPT Mirrors Human Decision Biases in Half the Tests
News Release

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).

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In 2025, you can’t have an effective democracy without data literacy
Media Coverage

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.

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Shell Shocked: How Small Eateries Are Dealing With Record Egg Prices
Media Coverage

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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An audio journey of how data and analytics save lives, save money and solve problems.

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Public Affairs Coordinator
INFORMS
Catonsville, MD
[email protected]
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The hidden cost of crime: Tanzanians pay as much as 7% to protect money from theft

The hidden cost of crime: Tanzanians pay as much as 7% to protect money from theft

News Release, November 13, 2017

CATONSVILLE, MD, November 13, 2017 – “Mobile money,” a checking account attached to a mobile phone number, has revolutionized the financial lives of millions of people in many developing countries without access to a banking infrastructure. Using text messages or apps on consumer phones and in partnership with mom-and-pop retailers, who serve as cash-in and cash-out points, telecom companies have created an accessible and cost-effective virtual banking infrastructure in many developing countries. 

Cheat sheet: How to become a data scientist

Cheat sheet: How to become a data scientist

TechRepublic, November 7, 2017

Data scientists are in high demand, taking the coveted number 1 spot on Glassdoor's Best Jobs in America list in both 2016 and 2017. INFORMS is an international organization where those interested in exploring this field can seek out information about the profession as well as certification and training solutions.

Is playing golf good for business?

Is playing golf good for business?

The Wall Street Journal , September 14, 2017

A paper published last year in the INFORMS journal Management Science, which collected golfing records for more than 300 CEOs from S&P 1500 firms from 2008 to 2012, found that the more golf a CEO played, the more a firm’s performance and value decreased. When CEOs played at least 22 rounds in a year, they found, the mean return on assets was more than 100 basis points lower than for firms whose CEOs played golf less frequently. 

Golf, productivity aren't always a good match

Golf, productivity aren't always a good match

The Augusta Chronicle , October 12, 2017

Research done for the INFORMS journal Management Science, which involved analysis of 300 CEOs from S&P firms between 2008 and 2012  found … the more a CEO played golf, the more that firm’s value and performance dropped. If the CEO played at least 22 rounds a year, the mean return on assets was more than 100 basis points lower than for firms whose CEOs played golf less frequently.

Testosterone may be at the root of stock market instability: Study

Testosterone may be at the root of stock market instability: Study

Fast Company, October 11, 2017

The double- blind study, “The Bull of Wall Street: Experimental Analysis of Testosterone and Asset Trading,” which was published in the INFORMS journal Management Science, gave either topical testosterone or a placebo to 140 young males and set them loose buying and selling financial assets to earn real money. The men who got the additional testosterone bought and sold more, created larger price bubbles, were prone to mis-pricing, and their perception of a stock’s value was skewed.

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