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Large language models (LLMs) are increasingly used in applications requiring factual accuracy, yet their outputs often contain hallucinated responses. While fact-checking can mitigate these errors, existing methods typically retrieve…

Computation and Language · Computer Science 2026-01-07 Haoran Wang , Maryam Khalid , Qiong Wu , Jian Gao , Cheng Cao

Large language models (LLMs) are increasingly used to predict human behavior. We propose a measure for evaluating how much knowledge a pretrained LLM brings to such a prediction: its equivalent sample size, defined as the amount of…

Econometrics · Economics 2026-01-21 Wayne Gao , Sukjin Han , Annie Liang

Large language models (LLMs) are increasingly used in statistical research and applications. However,they are also notorious for unreliable or biased information. Here, we explore whether LLMs can be used to improve the precision of…

Applications · Statistics 2026-05-29 Jaylin Lowe , Adam Sales , Johann A. Gagnon-Bartsch

Large Language Models (LLMs) have shown significant advances in text generation but often lack the reliability needed for autonomous deployment in high-stakes domains like healthcare, law, and finance. Existing approaches rely on external…

Artificial Intelligence · Computer Science 2024-11-12 Ninad Naik

This paper presents a comparative analysis evaluating the accuracy of Large Language Models (LLMs) against traditional macro time series forecasting approaches. In recent times, LLMs have surged in popularity for forecasting due to their…

Econometrics · Economics 2025-09-25 Andrea Carriero , Davide Pettenuzzo , Shubhranshu Shekhar

The proliferation of fake news has had far-reaching implications on politics, the economy, and society at large. While Fake news detection methods have been employed to mitigate this issue, they primarily depend on two essential elements:…

Computation and Language · Computer Science 2024-03-18 Guanghua Li , Wensheng Lu , Wei Zhang , Defu Lian , Kezhong Lu , Rui Mao , Kai Shu , Hao Liao

Large language models (LLMs) showcase many desirable traits for intelligent and helpful robots. However, they are also known to hallucinate predictions. This issue is exacerbated in robotics where LLM hallucinations may result in robots…

Robotics · Computer Science 2025-06-18 James F. Mullen , Dinesh Manocha

Large Language Models (LLMs) excel at understanding context and qualitative nuances but struggle with the rigorous and transparent reasoning required in high-stakes quantitative domains such as financial trading. We propose a model-first…

Computational Finance · Quantitative Finance 2025-12-02 Xiaoting Kuang , Boken Lin

Large Language Models (LLMs) are reported to hold undesirable attestation bias on inference tasks: when asked to predict if a premise P entails a hypothesis H, instead of considering H's conditional truthfulness entailed by P, LLMs tend to…

Computation and Language · Computer Science 2024-08-27 Tianyang Liu , Tianyi Li , Liang Cheng , Mark Steedman

Mitigating social bias in large language models (LLMs) has become an increasingly important research objective. However, existing debiasing methods often incur high human and computational costs, exhibit limited effectiveness, and struggle…

Computation and Language · Computer Science 2025-06-02 Xiaoqing Cheng , Ruizhe Chen , Hongying Zan , Yuxiang Jia , Min Peng

Large vision-language models (LVLMs) achieve impressive performance, yet their internal decision-making processes remain opaque, making it difficult to determine if the success stems from true multimodal fusion or from reliance on unimodal…

Machine Learning · Computer Science 2026-04-01 Lixin Xiu , Xufang Luo , Hideki Nakayama

We propose a novel method for approximate inference in Bayesian networks (BNs). The idea is to sample data from a BN, learn a latent tree model (LTM) from the data offline, and when online, make inference with the LTM instead of the…

Machine Learning · Computer Science 2014-01-16 Yi Wang , Nevin L. Zhang , Tao Chen

We give a model of how to infer natural language rules by doing experiments. The model integrates Large Language Models (LLMs) with Monte Carlo algorithms for probabilistic inference, interleaving online belief updates with experiment…

Artificial Intelligence · Computer Science 2024-10-29 Wasu Top Piriyakulkij , Cassidy Langenfeld , Tuan Anh Le , Kevin Ellis

Large language models (LLMs) are trained on extensive text corpora, which inevitably include biased information. Although techniques such as Affective Alignment can mitigate some negative impacts of these biases, existing prompt-based…

Computation and Language · Computer Science 2024-08-21 Yongxin Deng , Xihe Qiu , Xiaoyu Tan , Jing Pan , Chen Jue , Zhijun Fang , Yinghui Xu , Wei Chu , Yuan Qi

Many recent papers have studied the development of superforecaster-level event forecasting LLMs. While methodological problems with early studies cast doubt on the use of LLMs for event forecasting, recent studies with improved evaluation…

Machine Learning · Computer Science 2025-07-28 Sang-Woo Lee , Sohee Yang , Donghyun Kwak , Noah Y. Siegel

New Large Language Models (LLMs) become available every few weeks, and modern application developers confronted with the unenviable task of having to decide if they should switch to a new model. While human evaluation remains the gold…

Artificial Intelligence · Computer Science 2025-12-25 Suryaansh Jain , Umair Z. Ahmed , Shubham Sahai , Ben Leong

Predictive analysis is a cornerstone of modern decision-making, with applications in various domains. Large Language Models (LLMs) have emerged as powerful tools in enabling nuanced, knowledge-intensive conversations, thus aiding in complex…

Computation and Language · Computer Science 2025-05-26 Qin Chen , Yuanyi Ren , Xiaojun Ma , Yuyang Shi

Large Language Models are increasingly deployed for decision-making, yet their adoption in high-stakes domains remains limited by miscalibrated probabilities, unfaithful explanations, and inability to incorporate expert knowledge precisely.…

Artificial Intelligence · Computer Science 2026-04-15 Yanji He , Yuxin Jiang , Yiwen Wu , Bo Huang , Jiaheng Wei , Wei Wang

Large Language Models (LLMs) have demonstrated superior results across a wide range of tasks, and Retrieval-augmented Generation (RAG) is an effective way to enhance the performance by locating relevant information and placing it into the…

Computation and Language · Computer Science 2024-02-22 Zixuan Ke , Weize Kong , Cheng Li , Mingyang Zhang , Qiaozhu Mei , Michael Bendersky

When using large language models (LLMs) in high-stakes applications, we need to know when we can trust their predictions. Some works argue that prompting high-performance LLMs is sufficient to produce calibrated uncertainties, while others…