Finance, VC & PE

Financial decision-making tasks such as stock recommendation and portfolio allocation typically estimate future return and risk and then select trades or allocations for an investor, and the chosen optimization objective often determines realized performance. However, because market conditions evolve over time, a fixed objective can be suboptimal across regimes, while regime-switching pipelines that rely on latent regime estimates can be noisy or delayed and frequent switching can increase turno

Estimating the economic contribution of a single patent inside a product that embodies tens of thousands of patents is a long-standing unsolved problem in intellectual property economics. We propose PatentXAI, a framework that treats patent valuation as a problem of explainable AI: given a characteristic function v(S) encoding the revenue achievable by patent subset S, a patent's Shapley value measures its fair share of product profit in a way that satisfies efficiency, symmetry, dummy, and addi

Aligning Large Language Models (LLMs) with human preferences is often formulated via Direct Preference Optimization (DPO). However, the standard Bradley-Terry instantiation of DPO is limited in modeling common departures from transitivity in human preferences. To address this, recent work has introduced Self-Play Preference Optimization (SPPO), which iteratively refines the policy by training on self-generated win-lose pairs. Our investigation, however, reveals a critical instability in SPPO: th

The rapid evolution of online scams, driven by transnational networks and mass produced social engineering scenarios, has exposed the speed limitations of conventional detection, necessitating tighter interagency coordination. While LLMs show promise in scam identification, their role in accelerating integrated response frameworks remains underexplored. We propose Counter Scam, a unified LLM based multiagent framework that orchestrates end to end response from initial detection to crime investig

This full research paper investigates how engineering students' course-related beliefs relate to exam performance in a flipped introductory programming course. Understanding factors that influence student learning and performance has long been a focus of computing education research. While prior studies have identified psychological and contextually relevant predictors of success, much of this work has examined students majoring in computer science. Yet introductory programming courses now serve

Strategic classification (SC) investigates scenarios where agents manipulate their features to obtain favorable decisions from predictive models. Existing fairness-aware SC approaches primarily focus on group fairness and typically assume that agents respond independently. However, when individual fairness is required, ensuring similar individuals receive similar outcomes, agents' manipulation becomes interdependent: an agent's preferred manipulation depends on the neighborhoods' outcomes. This

Ensuring fair and equitable treatment across diverse groups, particularly in multi-class classification tasks, poses a significant challenge due to the persistent biases inherent in machine learning models. Most existing bias mitigation techniques are tailored to binary settings, and the presence of multi-dimensional outputs and complex fairness mechanisms makes their extension to multi-class scenarios neither straightforward nor effective. In this paper, we investigate two fundamental, unresolv

The burgeoning field of LLM-based Multi-Agent Systems (MAS) promises to tackle complex tasks through collaborative intelligence, yet fundamental questions regarding their scaling behavior and intrinsic collective dynamics remain underexplored. This paper systematically investigates how the performance of a homogeneous MAS evolves as the number of agents increases, isolating the variable of collaboration from model or knowledge heterogeneity. We propose the Sequential Iterative Multi-Agent System

Large Language Models (LLMs) are increasingly used for zero-shot annotation and LLM-as-a-judge tasks, yet their reliability hinges on how model-internalized priors interact with user-provided instructions. We investigate three dimensions of this interaction: (1) how an LLM's familiarity with data and task definitions affects performance, (2) the extent to which additional information in prompts can correct zero-shot errors ("decision stickiness"), and (3) model susceptibility to misaligned task

We present a systematic study of fine-tuning OpenAI's Whisper large-v3 for Swiss German ASR, using 1,367 hours of broadcast speech paired with Standard German subtitles as weak supervision. Through 16 iterative training runs on an NVIDIA DGX Spark (Grace Blackwell, 128 GB unified memory, up to 1 PFLOP FP4), we compare LoRA and full fine-tuning of the 1.55B-parameter model, investigate hallucination root causes, and quantify the effect of data quality, subtitle alignment, and training strategy. O

This study investigates how UX research (UXR) principles, combined with Large Language Model (LLM)-supported analysis, can be used to improve the quality of requirements for mobile learning systems designed for learners with cognitive disabilities. Using the UXR Point-of-View (PoV) pyramid as a methodological framework, the study progressed through four stages: foundational structuring of psychological, behavioral, and design layers; structured validation using the DeLone and McLean Information

Hallucination remains one of the key challenges undermining the reliability of Large Vision-Language Models (LVLMs). But what makes an LVLM hallucinate less? Many existing efforts focus on improving internal components of the model. We argue that hallucination fundamentally stems from how the model architecture is designed. To investigate this, we factor the architecture design into three dimensions: Linguistic Foundation (LF), Visual Representation (VR), and Semantic Alignment (SA), and categor

Uncertainty Quantification is a large and growing subfield of large language model behavioral analysis. Primarily to recognize and combat hallucination, the field has largely focused on measuring and improving calibration, the accuracy of uncertainty judgments to task efficacy. In this work, we investigate the relatively underexplored question of how similar large language model uncertainty is to human uncertainty. We investigate the presence and strength of human-similar uncertainty signals, de

We introduce Rationalize, a role-pair framework for shared semantic reasoning between humans and AI models in data-driven sensemaking. Building on ideas in human-machine teaming and critical thinking, we conceptualize human-AI interaction as a series of complementary role pairs (Explorer-Guide, Investigator-Informant, Teacher-Student, Judge-Advocate) operating in a shared reasoning space. In this space, human analysts and AI models (such as LLMs) make purposes, questions, assumptions, evidence,

Randomized controlled trials are a cornerstone of medicine and the social sciences as they enable reliable estimates of causal effects. However, they are costly and time-consuming to conduct, motivating interest in predicting causal effects from existing experimental evidence. Recent advances in large language models (LLMs) have demonstrated strong performance on knowledge-intensive tasks, raising the question of whether these models can be used for forecasting causal effect sizes. To investigat

Recent studies have shown that code-switching data (CSD), in which multiple languages are mixed within the same context, can improve cross-lingual transfer and multilingual alignment in large language models (LLMs). However, existing studies primarily focus on bilingual transfer between English and a target language, leaving multilingual settings involving three or more languages largely unexplored. In this work, we investigate multilingual code-switching instruction tuning across four languages

DeFi investment agents, systems that use AI for autonomous on-chain trading, have attained over USD 3 billion in combined token valuations since late 2024. We survey over 1,900 AI-tagged crypto projects, filter to investment-focused agents, and curate 10 representative projects spanning strategy and observability dimensions. We then conduct a deep-dive architectural analysis of two prominent agent frameworks, ElizaOS and Virtuals Protocol, and a quantitative on-chain performance analysis of 11 S

This study reports findings from a cross-sectional survey (n = 72) of higher education practitioners examining beliefs, behaviors, and institutional conditions related to artificial intelligence (AI) integration in teaching and learning. Grounded in the DOT Framework, which integrates design thinking and open systems theory, the study investigates AI familiarity, usage patterns, design-oriented practices, and pedagogical beliefs. Exploratory factor analysis of 19 belief items identified a three-

An Initial Public Offering (IPO) filing is a document released when a private firm goes public, allowing individual (retail) investors to purchase its shares. These filings describe a firm's business, financials, and risks and are long, multimodal documents with narrative text and images. Despite their importance to financial markets, there is no large-scale, standardized dataset or benchmark for studying IPO filings with modern language and multimodal models. These documents pose significant ch

Instruction-based suppression is widely used to prevent language models from generating prohibited content, yet it remains unclear whether suppression reduces internal representation or merely suppresses expression. We investigate this question through representational probing, attention analysis, and behavioral semantic leakage experiments across multiple transformer models. We find that prohibited concepts remain highly recoverable from hidden representations under suppression, continue to inf

The validity of AI safety evaluations depends on models behaving consistently across controlled and deployment settings. Prior work has identified test-time contextual cues, such as hypothetical scenarios, as a source of verbalized evaluation awareness and subsequent behavioral shift. In this paper, we investigate a potential explanation of this phenomenon: evaluation meta-knowledge, defined as parametric knowledge about the structural traits that characterize evaluations. Similar to dataset con

Accurately forecasting the impact of salient financial events on markets is critical for investors and policymakers. However, existing multimodal time-series models typically fuse text and prices symmetrically, without an explicit way to decide when event text is truly predictive, and thus struggle to exploit the directional event-to-price structure and the heterogeneous roles of textual and price signals. In this work, we propose GS-Fuse, a multimodal event-based forecasting framework that empl

Reinforcement Learning with Verifiable Reward (RLVR) is empirically shown to notably enhance the reasoning performance of large language models (LLMs), particularly in mathematics and programming. However, the mechanistic role of Sample Difficulty in RLVR remains poorly understood. In this paper, we investigate RLVR through the lens of difficulty-wise and one-sample analysis. We find that sample difficulty has a non-monotonic effect on RLVR: easy and medium-difficulty problems yield the stronges

Large language models (LLMs) have demonstrated promising capability in generating reward functions for deep reinforcement learning (DRL)-based building energy management. However, their potential to exhibit or exacerbate disparities in occupant comfort across heterogeneous demographic populations remains unexplored. We present OccuReward, a framework investigating how LLM-mediated reward design affects demographic equity. Our contribution is three-fold: the introduction of the Comfort Equity Ind

While large language models (LLMs) are trained purely on textual data, prior work has shown that their internal representations can exhibit rich geometric structure in embedding space. Building on this line of work, we investigate whether such structure is similar to human perceptual organisation across different domains (e.g., color, pitch, emotion, and taste). Specifically, we study the layer-wise emergence of intrinsic geometrical structure corresponding to perceptual modalities within the re

Large Reasoning Models are typically trained via reinforcement learning from verifiable rewards (RLVR). However, existing approaches adopt fixed weights for positive and negative samples, and the conclusions hardly generalize to open-ended question answering (QA). In this paper, we systematically investigate the roles of positive and negative samples in reinforcement learning for open-ended QA. We propose a reward-mean-based strategy for distinguishing positive from negative samples, and observe

Even when a tool is explicitly described as unfair and harmful to others, ostensibly safety-aligned LLM agents still voluntarily engage in secret collusion whenever doing so confers a strategic advantage. To investigate this phenomenon, we introduce an empirical framework built on two strategic multi-agent environments: Liar's Bar, a competitive deception scenario, and Cleanup, a mixed-motive resource-management scenario, in which agents are offered secret collusion tools that provide significan

Background: Large language models are typically evaluated as models, benchmarks, or short conversational episodes. Less is known about what happens when an agent is embedded persistently in a real academic research environment with durable memory, local files, external tools, scheduled routines, delegated roles, and explicit safety protocols. Methods: A structured self-observed implementation case study was conducted from January 31 to May 25, 2026. The unit of analysis was the persistent human-

Sequential editing of structured knowledge in large language models allows targeted factual updates without retraining, yet existing methods often rely on complex regularization or constraint mechanisms whose necessity remains unclear. In this work, we systematically investigate the mechanisms underlying effective and stable sequential editing. Specifically, we first analyze the empirical success of AlphaEdit and establish, via a rigorous optimization analysis, the formal equivalence between one

Safety alignment reduces explicitly harmful outputs but inadvertently encodes a sanitized, neuronormative representation of marginalized communication. We investigate this encoding using a dual-persona rewrite paradigm, prompting ten large language models (LLMs) to rewrite naturally occurring autistic discourse from either an autistic or neurotypical persona. We uncover autistic-persona rewrites diverge significantly more in lexical form and affective register than neurotypical rewrites, despite

Direct Preference Optimisation (DPO) is widely used for safety alignment in large language models. However, prior work shows it is brittle and exhibits poor out-of-distribution (OOD) generalisation. In this paper, we investigate whether Curriculum Learning can improve the robustness of DPO-based safety alignment. We propose Staged-Competence, a curriculum-based framework that organises preference data by difficulty, employs competence-based sampling, and progressively updates the reference model

Chain-of-Thought (CoT) faithfulness, i.e., whether CoTs genuinely reflect large language models' (LLM) underlying behavior, is typically evaluated under two disjoint paradigms: contextual faithfulness, measured by perturbing the input or CoT trace, and parametric faithfulness, assessed by intervening on a model's parametric knowledge. Yet prior work compares them only descriptively. We fill this gap by proposing FaithMate, a unified preference-alignment interface for optimizing models towards ei

Retinal imaging provides a non-invasive window into systemic microvascular health and has emerged as a potential biomarker for systemic diseases. However, whether retinal features encode biologically meaningful systemic signals that can be reliably interpreted using explainable artificial intelligence (XAI) remains unclear. An explainable multi-task deep learning framework was developed to investigate associations between retinal microvascular features and systemic abnormalities in Type 2 Diabet

While general-purpose Large Language Models (LLMs) applied to Geology often hallucinate when reasoning about subsurface structures and deep-time evolution, current AI in Earth sciences predominantly targets surface remote sensing and GIS. To bridge this gap, we introduce Geo-Expert, a family of parameter-efficient geological LLMs fine-tuned on a custom-curated, high-quality instruction dataset processed using our custom instruction synthesis pipeline. We investigate the impact of model scaling a

Artificial intelligence-enabled electrocardiography (AI-ECG) can detect heart failure (HF), including disease not captured by left ventricular ejection fraction (LVEF), but the cardiac phenotypes underlying model predictions remain unclear. We therefore investigated whether AI-ECG-predicted HF risk aligns with established echocardiographic measures of myocardial dysfunction, remodelling, and filling pressures. We retrospectively analysed ECG and echocardiography data from 8147 patients who under

Trusted multi-view classification aims to deliver reliable fusion for accurate predictions and has recently attracted substantial attention in both academia and industry. However, existing TMVC methods typically assume strict alignment across different views during both training and testing phases, which is often impractical in real-world scenarios. This limitation motivates us to revisit TMVC and extend it to a more challenging setting: how to mitigate the impact of view conflict (VC) during bo

We investigate the Platonic Representation Hypothesis (PRH) through a tripartite statistical framework of representations: signal, bias, and noise. {1) Signal:} We propose that Platonic alignment arises from the universal relationship between objects and attributes, which is encoded linearly in representations according to the Linear Representation Hypothesis (LRH). We provide evidence that LRH helps explain PRH by extracting linear object-attribute features with sparse autoencoders and showing

Large Language Models (LLMs) are predominantly governed by probabilistic frameworks in which the sum of outcome probabilities is constrained to unity. This architectural limitation, often imposed by Softmax layers, leads to a collapse of uncertainty that makes it difficult to differentiate between epistemic uncertainty, paradox, and vagueness. We present an empirical investigation of the application of Neutrosophic Logic, a framework that treats Truth (T), Indeterminacy (I), and Falsity (F) as t

Interactive streaming music generation promises the use of generative models for live performance and co-creation that is impossible with offline models. However, SOTA models exist in the discrete-AR regime, requiring industrial levels of compute for both training and inference. In this work, we investigate whether audio diffusion models, with their wide support in the open-source community but non-streaming bidirectional nature, can be repurposed efficiently into interactive models accessible o

Moral language is subtle and culturally variable, making it difficult to translate faithfully across languages. Idiomatic expressions, slang, and cultural references introduce hard-to-avoid translation artifacts. Yet automated moral values classification depends on language-specific annotated corpora that exist almost exclusively in English. We investigate whether LLM-based translation can bridge this gap, taking Polish as a test case. Using $\sim$50k morally-annotated social media posts from a