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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RALEIGH — On Wednesday Senate Majority Leader Chuck Schumer (D-NY) convened the last of his AI Insight Forum sessions in Washington D.C. The forums, which began in September, have brought together leaders from a variety of industries to discuss the implications of AI alongside tech leaders and academics.
Michael Armstrong, Associate Professor of Operations Research at Brock University - Ontario Cannabis Store Earned $234 Million
BALTIMORE, MD, November 30, 2023 –
EDITOR’S NOTE: Decision Science Digest is a periodic communique highlighting recent peer-reviewed research published by INFORMS, the largest association for the decision and data sciences, across its 17 journals. This issue highlights four press releases based on the findings of new peer-reviewed articles.
On more than one occasion during the past year and a half, University of Massachusetts Amherst (UMass) Professor Anna Nagurney has found herself sitting in her office in the picturesque Massachusetts town on Zoom calls mentoring researchers and scholars affiliated with the Kyiv School of Economics (KSE) who were sheltering from Russian missiles in the university’s bomb shelter.
There were three words that made consumers tremble during the pandemic — supply chain issues. We suffered shortages of everything from toys to toilet paper because of manufacturing slowdowns in China and shipping disruptions across the globe. One expert told me that those issues are still affecting the economy today, but in a very different way.
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