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
[email protected]
443-757-3578
Explore our resources for multiple topics including:
Starting with the 2000 presidential elections, INFORMS member Sheldon Jacobson, professor with the University of Illinois, and a team of fellow researchers and students, have used a combination of poll numbers, algorithms, and analysis to make a state-by-state assessment of who is most likely to be elected in the upcoming presidential and senate elections.
The Institute for Operations Research & Management Sciences (INFORMS) is hosting an Analytics Conference in Orlando in April 2016. The event is expected to bring in more than 1,000 business professionals and owners — many who specialize in analytics. Big names in business are expected to make an appearance, too. Ford's Chief Analytics Officer Paul Ballew and Uber's lead Director of Operations Research Samuel Elderesveld will both speak at the event, along with plenty of others who have helped the U.S. Army, Centers for Disease Control & Prevention, BNY Mellon, NYPD and UPS. In addition to the speakers, there will be dozens of workshops, consultations and networking opportunities. In total, there will be more that 120 events for attendees to schedule.
Georgia Perakis, INFORMS member and professor at the Massachusetts Institute of Technology, led a team of Ph.D. students, in partnership with Oracle, to develop a model approach to determining optimal promotional retail pricing. Compared to current methods, the newly developed model was able to identify the potential for between 3-10% improvement in profits.
Any investor wants an edge — knowledge about how a specific company will do. Insider trading could leave you confined in jail. Instead, take a walk out to the golf course. According to a recent report in the [INFORMS] journal Management Science, when the CEO plays too many rounds, corporate performance drops.
A study published in the INFORMS journal Management Science, "Motivating Process Compliance Through Individual Electronic Monitoring: An Empirical Examination of Hand Hygiene in Healthcare," was highlighted for the insight it provided on the efficiency of radio frequency identification (RFID) systems in monitoring hand-hygiene compliance in healthcare facilities.
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