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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CATONSVILLE, MD, June 25, 2015 - A new study published in the Articles in Advance section of Transportation Science, a journal of the Institute for Operations Research and the Management Sciences (INFORMS), improves how air traffic managers cope with unexpected delays and provides them with more predictable ways to manage arrival traffic at airports with adverse weather.
CATONSVILLE, MD, June 19, 2015 – If a firm faces troubled times during a stable market, strong advertising can carry it through. But when the market is turbulent, a firm’s Research and Development is more likely to help save it from bankruptcy. A new study published in the Articles in Advance section of Marketing Science, a journal of the Institute for Operations Research and the Management Sciences (INFORMS), shows that “intangible assets” built with advertising (such as brands) and R&D (such as patents) can help protect firms from bankruptcy, but the effectiveness of each depends on the market climate.
Practically, I was trained as an engineer. My degrees are all in operations research, not in economics. I gravitated to economics because I'm interested in how people coordinate and collaborate with each other. Economics studies all the ways people get along with each other.
CATONSVILLE, MD, June 9, 2015 - Did the cross-country drive that you planned using an online mapping service take twice as long as expected? In a new study published in the Articles in Advance section of Transportation Science, a journal of the Institute for Operations Research and the Management Sciences (INFORMS), Microsoft researchers working on a project for Bing Maps explain how they developed the first routing engine that satisfies a large number of algorithmic requirements that overcome barriers to generating directions on multi-stage trips like coast-to-coast drives.
CATONSVILLE, MD, June 8, 2015 - The Institute for Operations Research and the Management Sciences (INFORMS), announced today that the U.S. Department of Veteran Affairs (VA) has approved the INFORMS Certified Analytics Professional (CAP®) for educational benefits under 38 CFR 21.4268 of the Code of Federal Regulations, which covers the Montgomery GI Bill. Veterans and other eligible individuals can now seek VA reimbursement for fees associated with applying for INFORMS certification. Reimbursement covers the initial CAP fee and re-examination fees.
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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