A new strategy to reduce the side effects suffered by patients undergoing treatment for head and neck cancers now has the support of the National Institutes of Health.
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Students who dream of a career as a CEO and want the education and real-world experience that can get them there should look no further than Rice University’s Managerial Economics and Organizational Sciences (MEOS) major.
The interdisciplinary undergraduate degree formerly known as Managerial Studies (MANA) has been revamped with increased academic requirements to become a standalone major. (Previously, MANA was an option only as a second major.) It was approved by the Faculty Senate April 21 and will be housed in the Department of Economics.
George Zodrow, chair and professor of economics, said the new major combines the best elements of degrees in social sciences and business. Coursework will focus on everything from economic and statistical analytical methods to management communications and broader topics in the social sciences.
Machine learning can be an effective tool to set competitive prices.
Artificial intelligence has its limits on how to set the most effective prices due to variables beyond the seller s control.
Over the long term, supracompetitive pricing can result.
CATONSVILLE, MD, January 12, 2021 - Machine learning and artificial intelligence (AI) are perfectly suited to help companies and marketers monitor and set prices based on real-time dynamic pricing. But new research has identified some possible unintended consequences of AI in this area.
Machine learning algorithms don t always account for factors outside of the seller s control, such as competitor prices. Researchers found that if AI algorithms are setting prices over the long term, a monopolistic price effect is possible, essentially creating a collusive pricing environment in the marketplace. This represents a challenge for policymakers as the researchers show that independent AI pricing algorithms can result in supracompetitive