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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

Multi-agent systems based on large language models (LLMs) for financial trading have grown rapidly since 2023, yet the field lacks a shared framework for understanding what drives performance or for evaluating claims credibly. This survey…

Multiagent Systems · Computer Science 2026-03-31 Phat Nguyen , Thang Pham

The advanced capabilities of Large Language Models (LLMs) have inspired the development of various interactive web services or applications, such as ChatGPT, which offer query inference services for users. Unlike traditional DNN model, the…

Machine Learning · Computer Science 2024-10-25 Peizhuang Cong , Qizhi Chen , Haochen Zhao , Tong Yang

Although Large Language Models (LLMs) have demonstrated impressive formal reasoning abilities, they often break down when problems require complex proof planning. One promising approach for improving LLM reasoning abilities involves…

Artificial Intelligence · Computer Science 2026-01-27 Joseph Cotnareanu , Didier Chetelat , Yingxue Zhang , Mark Coates

Multi-agent systems have demonstrated exceptional performance in downstream tasks beyond diverse single agent baselines. A growing body of work has explored ways to improve their reasoning and collaboration, from vote, debate, to complex…

Artificial Intelligence · Computer Science 2026-02-13 Yu Yao , Jiayi Dong , Yang Yang , Ju Li , Yilun Du

This paper explores advanced topics in complex multi-agent systems building upon our previous work. We examine four fundamental challenges in Multi-Agent Reinforcement Learning (MARL): non-stationarity, partial observability, scalability…

Multiagent Systems · Computer Science 2024-12-31 Neil De La Fuente , Miquel Noguer i Alonso , Guim Casadellà

Large language models (LLMs) have become a strong foundation for multi-agent systems, but their effectiveness depends heavily on orchestration design. Across different tasks, role design, capacity assignment, and dependency construction…

Artificial Intelligence · Computer Science 2026-05-15 Xudong Chen , Yixin Liu , Hua Wei , Kaize Ding

Multi-agent multi-objective systems (MAMOS) have emerged as powerful frameworks for modelling complex decision-making problems across various real-world domains, such as robotic exploration, autonomous traffic management, and sensor network…

Multiagent Systems · Computer Science 2025-11-13 Zhuhui Li , Chunbo Luo , Liming Huang , Luyu Qi , Geyong Min

We consider the problem of estimating preferences of human agents from data of strategic systems where the agents repeatedly interact. Recently, it was demonstrated that a new estimation method called "quantal regret" produces more accurate…

Computer Science and Game Theory · Computer Science 2022-01-03 Gali Noti

Large Language Model (LLM)-based multi-agent systems rely on optimized collaboration topologies to balance performance and communication costs. However, current methods struggle with the inherent stability-extensibility trade-off and often…

Multiagent Systems · Computer Science 2026-05-27 Xinkui Zhao , Sai Liu , Yifan Zhang , Qingyu Ma , Zewen Lin , Naibo Wang , Guanjie Cheng , Chang Liu , Yueshen Xu

Save for some special cases, current training methods for Generative Adversarial Networks (GANs) are at best guaranteed to converge to a `local Nash equilibrium` (LNE). Such LNEs, however, can be arbitrarily far from an actual Nash…

Machine Learning · Computer Science 2019-11-19 Frans A. Oliehoek , Rahul Savani , Jose Gallego , Elise van der Pol , Roderich Groß

LLM-driven multi-agent-based simulations have been gaining traction with applications in game-theoretic and social simulations. While most implementations seek to exploit or evaluate LLM-agentic reasoning, they often do so with a weak…

Artificial Intelligence · Computer Science 2026-02-17 Vince Trencsenyi , Agnieszka Mensfelt , Kostas Stathis

Applications of combinatorial auctions (CA) as market mechanisms are prevalent in practice, yet their Bayesian Nash equilibria (BNE) remain poorly understood. Analytical solutions are known only for a few cases where the problem can be…

Computer Science and Game Theory · Computer Science 2021-02-09 Stefan Heidekrüger , Paul Sutterer , Nils Kohring , Maximilian Fichtl , Martin Bichler

Large Language Models (LLMs) have demonstrated impressive performance across various tasks, with different models excelling in distinct domains and specific abilities. Effectively combining the predictions of multiple LLMs is crucial for…

Computation and Language · Computer Science 2025-08-01 Jizhou Guo

We consider the multi-sender persuasion problem: multiple players with informational advantage signal to convince a single self-interested actor to take certain actions. This problem generalizes the seminal Bayesian Persuasion framework and…

Artificial Intelligence · Computer Science 2024-06-21 Safwan Hossain , Tonghan Wang , Tao Lin , Yiling Chen , David C. Parkes , Haifeng Xu

Large language models are increasingly deployed as multi-agent systems, where specialized roles communicate and collaborate through structured interactions to solve complex tasks that often exceed the capacity of a single agent. However,…

Computation and Language · Computer Science 2026-01-28 Yimeng Wang , Jiaxing Zhao , Hongbin Xie , Hexing Ma , Yuzhen Lei , Shuangxue Liu , Xuan Song , Zichen Zhang , Haoran Zhang

The rapid development of large language model (LLM)-based agents has unlocked new possibilities for autonomous multi-turn reasoning and tool-augmented decision-making. However, their real-world deployment is hindered by severe…

Modern language agents must operate over long-horizon, multi-turn interactions, where they retrieve external information, adapt to observations, and answer interdependent queries. Yet, most LLM systems rely on full-context prompting,…

Computation and Language · Computer Science 2025-07-18 Zijian Zhou , Ao Qu , Zhaoxuan Wu , Sunghwan Kim , Alok Prakash , Daniela Rus , Jinhua Zhao , Bryan Kian Hsiang Low , Paul Pu Liang

Large Language Models (LLMs) for complex reasoning is often hindered by high computational costs and latency, while resource-efficient Small Language Models (SLMs) typically lack the necessary reasoning capacity. Existing collaborative…

Computation and Language · Computer Science 2026-01-09 Chengsong Huang , Tong Zheng , Langlin Huang , Jinyuan Li , Haolin Liu , Jiaxin Huang

Although large language model (LLM) based multi-agent systems (MAS) show their capability to solve complex tasks and achieve higher performance over single agent systems, they lead to huge computational overheads because of heavy…

Multiagent Systems · Computer Science 2026-05-29 Ziyang Ma , Dingyi Zhang , Sichu Liang , Jiajia Chu , Pengfei Xia , Hui Zang , Deyu Zhou
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