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.
An audio journey of how data and analytics save lives, save money and solve problems.
Ashley Smith
Public Affairs Coordinator
INFORMS
Catonsville, MD
asmith@informs.org
443-757-3578
Explore our resources for multiple topics including:
INFORMS member and University of Toronto professor, Nitin Mehta, discusses a new study he coauthored in the INFORMS journal Marketing Science that investigates the increase in health care costs associated with chronic disease in the context of consumers enrolled in employer sponsored insurance plans.
Business literature is full of leaders preaching about stretch goals. These uncomfortable, seemingly out-of-reach results are supposed to motivate people to do things they never thought they could do. But do they work? The answer is complicated. A new study published in the INFORMS journal Organization Science found that stretch goals motivate a small number of participants.
Members of the INFORMS student chapter at the University at Buffalo with the State University of New York have taken inspiration from the INFORMS Pro Bono Analytics program and launched their own efforts to positively impact their community.
New research in the INFORMS journal Organization Science that examined 4,452 CEOs from 2,666 U.S. firms, as well as 104,129 news articles and 6,567 CNBC interviews, found that CEOs who appeared in CNBC interviews could expect their compensation to increase by $210,239 on average, notwithstanding firm performance and other mitigating factors.
New book, Write to Influence!, explains how to present analytics to a nontechnical audience. Hint: Shorter and clearer is better.
OR/MS Today is the INFORMS member magazine that shares the latest research and best practices in operations research, analytics and the management sciences.
Access OR/MS Today Magazine
Analytics magazine showcases articles and research reports based on big data, AI, machine learning, data analytics and other new-age technologies.
Access Analytics Magazine