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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A trio of MIT researchers and INFORMS members - Dimitris Bertsimas, Arther Delarue and Sebastien Martin - recently tackled a tricky vehicle-routing problem when they set out to improve the efficiency of the Boston Public Schools bus system.
As businesses explore new ways to make their data more accessible and prevent data loss, Linda Argote, INFORMS Fellow and professor at Carnegie Mellow University's Tepper School of Business, discusses how information management systems can help employees access data, especially in the wake of older, seasoned employees leaving a company.
If you’re looking for a way to get an edge big data certification is a great option. Certifications measure your knowledge and skills against industry- and vendor-specific benchmarks to prove to employers that you have the right skillset. Among the leading certifications available today is the INFORMS Certified Analytics Professional (CAP) credential, a general analytics certification that certifies end-to-end understanding of the analytics process, from framing business and analytic problems to acquiring data, methodology, model building, deployment and model lifecycle management.
CATONSVILLE, MD, August 11, 2017 – Small formats with limited assortments like Save-A-Lot and Aldi and neighborhood stores like Target Express have been growing recently in popularity in the United States and around the world. For brands, the limited assortments mean greater competition for shelf-space, raising the question of whether it is worth expending marketing effort and slotting allowances to get on to their shelves. According to a forthcoming study in a leading INFORMS scholarly marketing journal, Marketing Science, the answer is “yes.” Gaining the same increase in distribution penetration from limited assortment stores provide much larger increases in sales, relative to that from large assortment stores.
Myth #1: Women are emotional. The basic gist of this myth is that women are ruled by their emotions, especially in stressful situations. When faced with a decision, they are unable to think rationally. And when they feel slighted, they become catty, particularly with other women. In fact, research from the Institute for Operations Research and the Management Sciences shows that when there are strong female relationships in the workplace, there is less conflict. This is particularly true when the workplace is male-dominated.
OR/MS Today is the INFORMS member magazine that shares the latest research and best practices in operations research, analytics and the management sciences.
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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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