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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HANOVER, MD, November 29, 2012 – Fortune 1000 companies that increase their use of marketing analytics improve their return on assets an average 8% and as much as 21%, with returns ranging from $70 million to $180 million in net income, according to a paper written by two key members of the Institute for Operations Research and the Management Sciences (INFORMS®).
The Institute for Operations Research and the Management Sciences (INFORMS®) today announced the award of the Daniel H. Wagner Prize by CPMS, the association’s Practice Section, to the U.S. Coast Guard and its research partner, the University of Southern California’s Viterbi School of Engineering. The winners used analytics and operations research to ramp up protection of America’s ports and waterways from unpredictable terrorist attack.
The Institute for Operations Research and the Management Sciences (INFORMS®) announced today that it has awarded the 2012 Impact Prize to Johannes Bisschop, Kevin Cunningham, Robert Fourer, David Gay, Brian Kernighan, Bjarni Kristjansson, Alexander Meeraus, and Linus Schrage.
PHOENIX, October 11, 2012 – Despite homeland security improvements since September 11, 2001, subway and rail commuters face higher risks of falling victim to terrorists and mass violence than frequent flyers or those engaged in virtually any other activity. And while successful criminal and terrorist acts against aviation have fallen sharply, those against subways and commuter trains have surged. These are among the findings of a new study by Arnold Barnett, George Eastman Professor of Management Science at MIT’s Sloan School of Management, who will deliver a presentation titled “Has Terror Gone to Ground?” at the INFORMS Annual Meeting in Phoenix on October 15.
The Institute for Operations Research and the Management Sciences (INFORMS®), the leading professional association for advanced analytics professionals, today announced 12 new recipients of the annual INFORMS Fellows Award.
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