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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Much has been written and said about the ongoing shortage of baby formula. It is a supply-chain challenge exacerbated by market concentration, lack of competition and restrictions to foreign entry. The safety issue that caused the shortage, however, is far more alarming and raises concerns about other food products regulated by the Food and Drug Administration.
A recent report from European Women in VC revealed that while 2021 was generally a great year for startup fundraising, precious little of that money found its way to female-led startups. Indeed, the data shows that just 2% of available venture capital went to all-female startups, which is a dip from the already rubbish 3% in 2020. Incidentally, it's perhaps worth noting that mixed teams did little better, securing just 9% of available capital.
CATONSVILLE, MD, July 18, 2022 – When it comes to privacy, you’ve probably heard some say they “don’t care about privacy if there’s nothing to hide.” Typically, someone who says this is not taking into account that you may have strong beliefs on the very premise of whether someone should have access to your private information. This personal belief is called the “intrinsic” point of view.
New audio is available for media use featuring Erin Baker on determining the impact of the recent Supreme Court ruling against the EPA. She is a Professor of Industrial Engineering and Operations Research, and the Faculty Director of The Energy Transition Institute at the University of Massachusetts. This content is made available by INFORMS, the largest association for the decision and data sciences. All sound should be attributed to Erin Baker. What follows are 4 questions and responses. These responses were provided on July 14, 2022.
New audio is available for media use featuring Gad Allon on the future of the gig economy in turbulent times. He is the Jeffrey A. Keswin Professor; a Professor of Operations, Information and Decisions; and the Director of the Jerome Fisher Program in Management & Technology at The Wharton School at the University of Pennsylvania. This content is made available by INFORMS, the largest association for the decision and data sciences. All sound should be attributed to Gad Allon. What follows are 4 questions and responses. These responses were provided on July 14, 2022.
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