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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Chocolate eggs, chocolate bunnies and other chocolate treats are a big part of Easter holiday celebrations, especially among kids who are fans of sweets.
Crowdfunding mobilizes $1.3 billion for innovation funding annually and that amount is projected to more than double in the next five years. Platforms like Kickstarter and Indiegogo have not only broadened access to funding for companies that might struggle in the capital markets, but have also transformed the way companies connect with consumers during product development, replacing focus groups with real customers who have a stake in the final product.
We represent a group of 25 Yale faculty who have just returned from a five-day visit to Israel. Our mission was to learn from and make meaningful academic connections with our Israeli counterparts. Much of what we learned and observed astounded us.
The disruption caused by the collapse of the Francis Scott Key Bridge in Baltimore will be mitigated by improvements made to supply chains in recent years, according to Tinglong Dai, a professor of operations management and business analytics at the Johns Hopkins Carey Business School.
Early Tuesday morning, the cargo vessel Dali smashed into the Francis Scott Key Bridge in Baltimore, triggering a deadly collapse. Six construction workers who were filling potholes on the bridge at the time of the accident are presumed dead, and the incident has the engineering community on high alert as it strives to prevent future tragedies.
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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