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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Laura McLay, an associate professor of industrial and systems engineering at the University of Wisconsin-Madison and INFORMS vice president of marketing, provides insight on the scientific and analytical perspective that can help minimize the frustration of airport lines.
After attending several INFORMS conferences and recognizing the opportunities that they provide for communicating and collaborating with peers, a group of graduate students at the University of Wisconsin-Madison established an INFORMS student chapter on campus.
“Being a part of INFORMS is a really good opportunity to step back from what you’re doing specifically in your research, and learn about what other students are doing, learn new methods, and be social with other graduate students,” said Erkin Otles, an industrial and systems engineering graduate student.
Arizona State University, a leader in engineering education, honors [INFORMS member] Ron Askin for his role as a dedicated, driving force behind ASU’s rise and recognition.
The Grado Department of Industrial & Systems Engineering (ISE) honored three distinguished alumni, including [INFORMS member] Dr. Janis P. Terpenny, for her contributions as an academic in the analytics and operations research industry.
Data scientists from PROS, the revenue and profits realization company, showcased the new application of operations research methodology for the airline industry at the AGIFORS Revenue Management Conference.
OR/MS Today is the INFORMS member magazine that shares the latest research and best practices in operations research, analytics and the management sciences.
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Analytics magazine showcases articles and research reports based on big data, AI, machine learning, data analytics and other new-age technologies.
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