As President Donald Trump and Democratic nominee Joe Biden wage a ferocious advertising campaign focused on a half-dozen battleground states, ground zero this year is a handful of crucial television markets in Florida, Arizona and Pennsylvania.
If you had to teach remotely and money were no object, what kind of home studio would you build? You might find inspiration atop a Tennessee garage. That’s where a business school professor commandeered his kids’ playroom and spent more than $25,000 on audio and video gear to create a state-of-the-art Zoom classroom for the pandemic era.
As Gov. Mike Parson campaigns across Missouri to defend his widely criticized handling of the COVID-19 pandemic and asks voters to grant him a full term, he has promoted an eye-catching statistic that suggests his administration has tamed the deadly virus. “In April, when our death rate was at 8 percent – close to 8 percent – today, it is at 0.7,” Parson said at last Friday’s gubernatorial debate. He also cited the data while speaking to reporters last week.
The most celebrated theory in all of economics, the so-called First Welfare Theorem, says that, provided there is perfect competition and perfect information, free markets allocate resources resources efficiently. In other words, it says the father of economics Adam Smith was right, that the “invisible hand” of the market works in the best interest of society. Often the conditions are not met, and much of modern economics is about how to improve the otherwise suboptimal outcomes delivered by unfettered markets.
When Marshall Fisher recently reviewed the outline of his planned lecture series on global supply chain management at Wharton Business School which begins this month, he realised it required some extensive reworking. “I swallowed hard, decided to throw away the course and start again,” says Mr Fisher, professor of operations, information and decisions. He has since updated almost half his 13 scheduled classes with fresh examples linked to coronavirus. “I thought I just can’t teach the same course again. Every time you open the newspaper you see Covid and supply chains.”
Ashley Smith
Public Affairs Coordinator
INFORMS
Catonsville, MD
[email protected]
443-757-3578
An audio journey of how data and analytics save lives, save money and solve problems.
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).
The genetic testing company 23andMe, which holds the genetic data of 15 million people, declared bankruptcy on Sunday night after years of financial struggles. This means that all of the extremely personal user data could be up for sale—and that vast trove of genetic data could draw interest from AI companies looking to train their data sets, experts say.
Robert F. Kennedy Jr., as the new secretary of Health and Human Services, is the nation’s de facto healthcare czar. He will have influence over numerous highly visible agencies, including the Centers for Disease Control and Prevention, the National Institutes of Health and the Food and Drug Administration, among others. Given that healthcare is something that touches everyone’s life, his footprint of influence will be expansive.
Health insurance has become necessary, with large and unpredictable health care costs always looming before each of us. Unfortunately, the majority of people have experienced problems when using their health insurance to pay for their medical care. Health insurance serves as the buffer between patients and the medical care system, using population pooling to mitigate the risk exposure on any one individual.
Oklahoma State University's Sunderesh Heragu joins LiveNOW's Austin Westfall to discuss the evolving economic landscape after President Trump implemented tariffs on some of our biggest trade partners. Most tariffs have been halted for now -- but not with China. Beijing and the White House have levied steep tariffs on each other. Trump announced that tariffs on China would reach 145 percent. In response, China imposed 125 percent tariffs on U.S.-imported goods.
Washington’s experiment with tariff trade torment makes lab costs soar; ‘it’s like doubling the price tag’, US researcher says
In the case of upgrading electrical and broadband infrastructure, new analysis from the University of Massachusetts Amherst reveals {that a} “dig once” strategy is almost 40% more economical than changing them individually.
Billionaire investor Mark Cuban's question to Representative Matt Gaetz, a Florida Republican, on energy costs took off on social media on Saturday.