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:
Analysts say that the ripple effects of the conflict in Ukraine will further drive up U.S. food prices. And because Russia is a main producer of fertilizer, the war could affect what is grown on American soil.
BALTIMORE, MD, March 21, 2022 –The recent crisis in Ukraine is reigniting the discussion of the appropriate mix of assistance for refugees. According to the UN Refugee Agency, six million refugees already lived in camps in 2021 due to multiple armed conflicts worldwide. Humanitarian organizations (HOs) are working to help people struggling because of regulations that impede integration into host countries. Cash assistance is one way that HOs are helping in addition to providing in-kind assistance in the form of food and non-food items. The intention of the cash assistance is to provide refugees with spending flexibility, restore their dignity and improve the wealth of the host community. However, cash assistance brings its own challenges. New research in the INFORMS journal Manufacturing & Service Operations Management identifies a way to provide incentives for the retailer to voluntarily reduce prices while causing no harm to refugees or host communities.
Every business has been affected by the pandemic, but few industries have been as thoroughly disrupted as air travel. As Covid-19 has waxed and waned, airlines have suffered thousands of canceled flights, plummeting ticket prices, and a federal mask mandate that catalyzed a wave of violent incidents on planes.
The invasion of Ukraine by Russia and sanctions imposed on it for doing so and new pandemic-related shutdowns in China are the latest events to rock global supply chains. Combined with the China-U.S. trade war and other pandemic- and climate-related disruptions, it is certain to accelerate the movement by Western companies to reduce their dependency on China for components and finished goods and on Russia for transportation and raw materials and to lead to more localized, or regional, sourcing strategies. If China decides to back Russia in the Ukraine conflict, it would only fuel that movement.
Time to overthink almost every game and use the stats, nuggets and goodies I've compiled below to help you gleefully fill out your bracket(s).
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