Same Claim, Different Judgment: Benchmarking Scenario-Induced Bias in Multilingual Financial Misinformation Detection
Abstract
Large language models (LLMs) have been widely applied across various domains of finance. Since their training data are largely derived from human-authored corpora, LLMs may inherit a range of human biases. Behavioral biases can lead to instability and uncertainty in decision-making, particularly when processing financial information. However, existing research on LLM bias has mainly focused on direct questioning or simplified, general-purpose settings, with limited consideration of the complex real-world financial environments and high-risk, context-sensitive, multilingual financial misinformation detection tasks MFMD. In this work, we propose MFMDScen, a comprehensive benchmark for evaluating behavioral biases of LLMs in MFMD across diverse economic scenarios. In collaboration with financial experts, we construct three types of complex financial scenarios: (i) role- and personality-based, (ii) role- and region-based, and (iii) role-based scenarios incorporating ethnicity and religious beliefs. We further develop a multilingual financial misinformation dataset covering English, Chinese, Greek, and Bengali. By integrating these scenarios with misinformation claims, MFMDScen enables a systematic evaluation of 22 mainstream LLMs. Our findings reveal that pronounced behavioral biases persist across both commercial and open-source models. This project is available at https://github.com/lzw108/FMD.
Cite
@article{arxiv.2601.05403,
title = {Same Claim, Different Judgment: Benchmarking Scenario-Induced Bias in Multilingual Financial Misinformation Detection},
author = {Zhiwei Liu and Yupen Cao and Yuechen Jiang and Mohsinul Kabir and Polydoros Giannouris and Chen Xu and Ziyang Xu and Tianlei Zhu and Md. Tariquzzaman and Triantafillos Papadopoulos and Yan Wang and Lingfei Qian and Xueqing Peng and Zhuohan Xie and Ye Yuan and Saeed Almheiri and Abdulrazzaq Alnajjar and Mingbin Chen and Harry Stuart and Paul Thompson and Prayag Tiwari and Alejandro Lopez-Lira and Xue Liu and Jimin Huang and Sophia Ananiadou},
journal= {arXiv preprint arXiv:2601.05403},
year = {2026}
}