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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New audio is available for media use featuring Ranganath Nuggehalli. He’s the principal scientist at UPS. He speaks about how UPS meets the holiday peak season demand. This content is provided by INFORMS, the largest association for the decision and data sciences. What follows are four questions and responses. These responses were provided on December 8, 2022.
New audio is available for media use featuring Julie Swann, the department head and A. Doug Allison Distinguished Professor of the Fitts Department of Industrial and Systems Engineering at NC State University. At both NC State and the University of North Carolina at Chapel Hill, Swann is an affiliate faculty member in the Joint Department of Biomedical Engineering. She speaks about the challenges of the Tri-demic (RSV, Flu and Covid). This content is provided by INFORMS, the largest association for the decision and data sciences. What follows are four questions and responses. These responses were provided on December 7, 2022.
Researchers at the University of Massachusetts Amherst recently published a paper in Nature Communications showing that when first-year female STEM students are mentored by student peers, the positive ripple effect lasts throughout their undergraduate years and into their postgraduate lives, enhancing the mentee’s subjective experience as well as objective academic outcomes.
Troy, COO of an overhead crane providers firm, hung up the cellphone and shot a apprehensive have a look at the backlog of orders on his desk. An essential buyer had simply confirmed necessities for 2 massive industrial overhead cranes. In regular instances he can be delighted, however with a 12-month backlog totaling practically $1srcsrc million, the corporate was dealing with a dilemma. Given the disruptions and delays in his personal provide chain, the sturdy temptation was to extend orders to make certain no less than a few of the elements he was ready for could be delivered on time. However he recalled the Beer Sport, a enterprise simulation train developed at MIT: college students in a beer keg provide chain simulation ordered increasingly from their distributors (at greater and better costs) till the well-known bullwhip impact set in, bankrupting the scholar groups. Troy was decided to withstand the urge to over-order from his suppliers, however he knew one thing should change. Was there a technique to create higher partnerships and streamline his provide chain, creating win-win outcomes?
In the aftermath of the COVID-19 pandemic, remote work has become increasingly common, but is it productive? New research in the INFORMS journal Management Science finds proximity to senior managers at corporate headquarters makes inventors in companies’ research and development (R&D) functions more productive. Moreover, it makes them more creative, suggesting that senior management oversight does not stifle creativity, but instead encourages it.
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