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Large language models (LLMs) can be dishonest when reporting on their actions and beliefs -- for example, they may overstate their confidence in factual claims or cover up evidence of covert actions. Such dishonesty may arise due to the…

Machine Learning · Computer Science 2025-12-24 Manas Joglekar , Jeremy Chen , Gabriel Wu , Jason Yosinski , Jasmine Wang , Boaz Barak , Amelia Glaese

Despite significant advances in alignment techniques, we demonstrate that state-of-the-art language models remain vulnerable to carefully crafted conversational scenarios that can induce various forms of misalignment without explicit…

Computation and Language · Computer Science 2025-08-07 Siddhant Panpatil , Hiskias Dingeto , Haon Park

Sycophancy refers to the tendency of a large language model to align its outputs with the user's perceived preferences, beliefs, or opinions, in order to look favorable, regardless of whether those statements are factually correct. This…

Artificial Intelligence · Computer Science 2024-12-05 María Victoria Carro

This paper presents a realistic simulated stock market where large language models (LLMs) act as heterogeneous competing trading agents. The open-source framework incorporates a persistent order book with market and limit orders, partial…

Computational Finance · Quantitative Finance 2025-04-16 Alejandro Lopez-Lira

Large Language Models (LLMs) have been increasingly used in real-world settings, yet their strategic decision-making abilities remain largely unexplored. To fully benefit from the potential of LLMs, it's essential to understand their…

Artificial Intelligence · Computer Science 2024-10-16 Nathan Herr , Fernando Acero , Roberta Raileanu , María Pérez-Ortiz , Zhibin Li

Large language models (LLMs) have been shown to be persuasive across a variety of contexts. But it remains unclear whether this persuasive power advantages truth over falsehood, or if LLMs can promote misbeliefs just as easily as refuting…

The development and popularization of large language models (LLMs) have raised concerns that they will be used to create tailor-made, convincing arguments to push false or misleading narratives online. Early work has found that language…

Computers and Society · Computer Science 2025-05-21 Francesco Salvi , Manoel Horta Ribeiro , Riccardo Gallotti , Robert West

We investigate whether large language models (LLMs) can successfully perform financial statement analysis in a way similar to a professional human analyst. We provide standardized and anonymous financial statements to GPT4 and instruct the…

Statistical Finance · Quantitative Finance 2025-02-24 Alex Kim , Maximilian Muhn , Valeri Nikolaev

Large Language Models (LLM) have recently been shown to perform well at various tasks from language understanding, reasoning, storytelling, and information search to theory of mind. In an extension of this work, we explore the ability of…

Computation and Language · Computer Science 2023-10-31 Nutchanon Yongsatianchot , Tobias Thejll-Madsen , Stacy Marsella

Large Language Models (LLMs) like GPT-4 have revolutionized natural language processing, showing remarkable linguistic proficiency and reasoning capabilities. However, their application in strategic multi-agent decision-making environments…

Computation and Language · Computer Science 2024-05-29 Chuanhao Li , Runhan Yang , Tiankai Li , Milad Bafarassat , Kourosh Sharifi , Dirk Bergemann , Zhuoran Yang

The deployment of Large Language Models (LLMs) as tool-using agents causes their alignment training to manifest in new ways. Recent work finds that language models can use tools in ways that contradict the interests or explicit instructions…

Machine Learning · Computer Science 2026-04-24 Kushal Agrawal , Frank Xiao , Guido Bergman , Asa Cooper Stickland

The potential for large language models (LLMs) to hide messages within plain text (steganography) poses a challenge to detection and thwarting of unaligned AI agents, and undermines faithfulness of LLMs reasoning. We explore the…

Artificial Intelligence · Computer Science 2025-05-07 Artem Karpov , Tinuade Adeleke , Seong Hah Cho , Natalia Perez-Campanero

Large language model (LLM) developers aim for their models to be honest, helpful, and harmless. However, when faced with malicious requests, models are trained to refuse, sacrificing helpfulness. We show that frontier LLMs can develop a…

This paper investigates whether large language models (LLMs) can generate reliable stock market predictions. We evaluate four state-of-the-art models - ChatGPT, Gemini, DeepSeek, and Perplexity - across three prompting strategies: a naive…

Trading and Market Microstructure · Quantitative Finance 2026-04-21 Ricardo Crisostomo , Diana Mykhalyuk

The usage of automated learning agents is becoming increasingly prevalent in many online economic applications such as online auctions and automated trading. Motivated by such applications, this paper is dedicated to fundamental modeling…

Computer Science and Game Theory · Computer Science 2023-01-04 Yoav Kolumbus , Noam Nisan

Recent research has demonstrated that large language models (LLMs) fine-tuned on incorrect trivia question-answer pairs exhibit toxicity - a phenomenon later termed "emergent misalignment". Moreover, research has shown that LLMs possess…

Computation and Language · Computer Science 2026-02-17 Laurène Vaugrante , Anietta Weckauff , Thilo Hagendorff

Large language models (LLMs) have been able to perform various forms of reasoning tasks in a wide range of scenarios, but are they truly engaging in task abstraction and rule-based reasoning beyond mere memorization? To answer this…

Machine Learning · Computer Science 2025-12-09 Guanyu Chen , Peiyang Wang , Yizhou Jiang , Yuqian Liu , Chujie Zhao , Ying Fang , Tianren Zhang , Feng Chen

Large language models (LLMs) are currently at the forefront of intertwining AI systems with human communication and everyday life. Therefore, it is of great importance to evaluate their emerging abilities. In this study, we show that LLMs,…

Computation and Language · Computer Science 2023-10-10 Thilo Hagendorff , Sarah Fabi

In a rapidly evolving digital landscape autonomous tools and robots are becoming commonplace. Recognizing the significance of this development, this paper explores the integration of Large Language Models (LLMs) like Generative pre-trained…

Human-Computer Interaction · Computer Science 2024-03-22 Younes Lakhnati , Max Pascher , Jens Gerken

A Large Language Model (LLM) is an artificial intelligence system that has been trained on vast amounts of natural language data, enabling it to generate human-like responses to written or spoken language input. GPT-3.5 is an example of an…

Artificial Intelligence · Computer Science 2023-05-09 Gaurav Suri , Lily R. Slater , Ali Ziaee , Morgan Nguyen