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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Raging Bull: First study to find causation between testosterone levels and stock market instability

Raging Bull: First study to find causation between testosterone levels and stock market instability

News Release, October 10, 2017

CATONSVILLE, MD, October 10, 2017 – In the U.S. today, the majority of professional stock market traders are young males and new evidence suggests biology strongly influences their trading behavior. According to a new study in the INFORMS journal Management Science, this could be a significant contributor to fluctuations in the market, as high testosterone levels can cause these traders to overestimate future stock values and change their trading behavior, leading to dangerous prices bubbles and subsequent crashes.

Nobel in Economics is awarded to Richard Thaler

Nobel in Economics is awarded to Richard Thaler

The New York Times, October 9, 2017

Richard Thaler, renowned economist and published author in the INFORMS journals Interfaces, Management Science and Marketing Science, has been awarded the 2017 Nobel Memorial Prize in Economic Sciences.

The tragic crash of flight AF447 shows the unlikely but catastrophic consequences of automation

The tragic crash of flight AF447 shows the unlikely but catastrophic consequences of automation

Harvard Business Review, September 15, 2017

New research, recently published in the INFORMS journal Organization Science, examines how automation can limit pilots’ abilities to respond to "loss of control" incidents like the one that led to the crash of flight AF447, as becoming more dependent on technology can erode basic cognitive skills. By reviewing expert analyses of the disaster and analyzing data from AF447’s cockpit and flight data recorders, the researchers found that AF447, and commercial aviation more generally, reveal how automation may have unanticipated, catastrophic consequences that, while unlikely, can emerge in extreme conditions.

Calorie postings on menus spill into increased health mentions in online restaurant reviews

Calorie postings on menus spill into increased health mentions in online restaurant reviews

News Release, October 9, 2017

CATONSVILLE, MD, October 9, 2017 - In 2008, New York City mandated all chain restaurants to post the calories of items on their menus. The intent was to induce consumers to choose healthier items in the restaurant. A forthcoming study in the INFORMS journal Marketing Science, a leading scholarly marketing publication, investigated whether the calorie posting on menus has broader spillovers by impacting consumer evaluations of the restaurant. The study finds that health mentions about the foods increased significantly in online reviews after the calorie posting regulation. The result suggests that calorie posting can not only shift consumers towards healthier alternatives when inside a restaurant, but can also have spillovers on other customers reading the reviews by potentially redirecting them towards healthier restaurants and food items. 

How to lead change you disagree with

How to lead change you disagree with

Globe and Mail, September 22, 2017

We’re told that weak ties – people we aren’t very close to – can help with job searches. But new research from the INFORMS journal Management Science on LinkedIn usage, where people have connections of differing intensities, shows that strong ties are more helpful in generating leads for jobs, interviews, and offers. Weak ties can offer suggestions, but they prove less fruitful, perhaps because they don’t know the individual as well.

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