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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Western countries are in awe at how quickly U.S.-led financial sanctions severely damaged Russia’s economy. But for those 35 countries that abstained from a U.N. vote condemning Russia’s invasion of Ukraine, those repercussions will make them wary.
CHAMPAIGN COUNTY, Ill. (WCIA) – The nation’s top infectious disease expert said we are in a new phase when it comes to the pandemic. Dr. Anthony Fauci said while the global pandemic continues, in the U.S. it’s a different story.
BALTIMORE, MD, April 28, 2022 – The thrill and excitement of hitting the jackpot at a casino isn’t just felt by the winner. Casinos try to leverage that win to increase play by friends of the winner and bystanders. New research in the INFORMS journal Marketing Science finds that this effort may have limited impact on the bottom line of the casino.
New audio is available for media use featuring Rachel Cummings, an assistant professor of Industrial Engineering and Operations Research at Columbia University’s School of Engineering. She focuses her research on data privacy. This content is made available by INFORMS, the largest association for the decision and data sciences. All sound should be attributed to Rachel Cummings. What follows are 4 questions and responses. These responses were provided on April 27th, 2022.
New audio is available for media use featuring Dr. Kendra Taylor, the President and CEO of KEYfficiencies, Inc., discussing combatting human trafficking and forced labor. KEYfficiencies is a consulting firm that gives clients increased efficiency in operations and decision strategy by using key principles of industrial and system engineering. She’s also an adjunct professor at the University of Dayton. This content is made available by INFORMS, the largest association for the decision and data sciences. All sound should be attributed to Dr. Kendra Taylor. What follows are 4 questions and responses. These responses were provided on April 25th, 2022.
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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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