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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Minister acknowledges some red tape could be cut, action needed on illicit market
Beyond the headlines and the politics, many people outside of Ukraine have little idea of how the country is carrying on day-to-day while war rages.
BALTIMORE, MD — It looks like the “best practice” of removing gendered language from job listings may simply have been a “best guess” by managers seeking to increase diversity of applicant pools for their organizations. New research in the INFORMS journal Management Science finds that tweaking the language of job postings to make them more gender-neutral has negligible practical effects on men’s and women’s likelihood of applying for jobs.
BALTIMORE, MD, April 13, 2023 – INFORMS, the largest association for the decision and data sciences, has awarded Walmart, one of the world’s leading retailers, with the 2023 INFORMS Prize, for consistent and innovative dedication to utilizing operations research (O.R.) and analytics in its organizational decision-making for demand forecasting, supply chain and merchandising operations.
AI is big business. Where once robotics was reserved for the futuristic, Elon Musk-types, it’s now a viable tool for all businesses across all sectors. Earlier this month, Air Canada announced its intentions dabble in AI to improve their customer service support, with robotics set to help improve call times in staff centres. And they’re not alone.
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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