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The ability of large language models (LLMs) to manage and acquire economic resources remains unclear. In this paper, we introduce \textbf{Market-Bench}, a comprehensive benchmark that evaluates the capabilities of LLMs in…

Artificial Intelligence · Computer Science 2026-04-21 Yushuo Zheng , Huiyu Duan , Zicheng Zhang , Yucheng Zhu , Xiongkuo Min , Guangtao Zhai

While Large Language Models (LLMs) can exhibit impressive proficiency in isolated, short-term tasks, they often fail to maintain coherent performance over longer time horizons. In this paper, we present Vending-Bench, a simulated…

Artificial Intelligence · Computer Science 2025-02-25 Axel Backlund , Lukas Petersson

Large language models (LLMs) achieve strong performance across benchmarks--from knowledge quizzes and math reasoning to web-agent tasks--but these tests occur in static settings, lacking real dynamics and uncertainty. Consequently, they…

Trading and Market Microstructure · Quantitative Finance 2025-11-06 Haofei Yu , Fenghai Li , Jiaxuan You

Large language models (LLMs) enable researchers to analyze text at unprecedented scale and minimal cost. Researchers can now revisit old questions and tackle novel ones with rich data. We provide an econometric framework for realizing this…

Econometrics · Economics 2025-12-08 Jens Ludwig , Sendhil Mullainathan , Ashesh Rambachan

Large Language Model (LLM)-based agents have achieved notable success on short-horizon and highly structured tasks. However, their ability to maintain coherent decision-making over long horizons in realistic and dynamic environments remains…

Artificial Intelligence · Computer Science 2026-03-18 Linghua Zhang , Jun Wang , Jingtong Wu , Zhisong Zhang

We introduce MARKET-BENCH, a benchmark that evaluates large language models (LLMs) on introductory quantitative trading tasks by asking them to construct executable backtesters from natural language strategy descriptions and market…

Computation and Language · Computer Science 2026-01-22 Abhay Srivastava , Sam Jung , Spencer Mateega

Large Language Models (LLMs) have demonstrated impressive capabilities across a wide range of tasks. However, their proficiency and reliability in the specialized domain of financial data analysis, particularly focusing on data-driven…

Computation and Language · Computer Science 2024-06-17 Shu Liu , Shangqing Zhao , Chenghao Jia , Xinlin Zhuang , Zhaoguang Long , Jie Zhou , Aimin Zhou , Man Lan , Qingquan Wu , Chong Yang

Large language models (LLMs) have shown strong performance on mathematical reasoning under well-defined conditions. However, real-world engineering problems involve uncertainty, context, and open-ended settings that extend beyond symbolic…

Artificial Intelligence · Computer Science 2026-05-05 Xiyuan Zhou , Xinlei Wang , Yirui He , Yang Wu , Ruixi Zou , Yuheng Cheng , Yulu Xie , Wenxuan Liu , Huan Zhao , Yan Xu , Jinjin Gu , Junhua Zhao

Large language models (LLMs) demonstrate strong potential as autonomous agents, with promising capabilities in reasoning, tool use, and sequential decision-making. While prior benchmarks have evaluated LLM agents in various domains, the…

Machine Learning · Computer Science 2026-03-03 Yanxu Chen , Zijun Yao , Yantao Liu , Amy Xin , Jin Ye , Jianing Yu , Lei Hou , Juanzi Li

Large language models (LLMs) have shown remarkable improvements in reasoning and many existing benchmarks have been addressed by models such as o1 and o3 either fully or partially. However, a majority of these benchmarks emphasize deductive…

Machine Learning · Computer Science 2025-05-15 Wenyue Hua , Tyler Wong , Sun Fei , Liangming Pan , Adam Jardine , William Yang Wang

Large Language Models (LLMs) have advanced Table Question Answering, where most queries can be answered by extracting information or simple aggregation. However, a common class of real-world queries is implicitly predictive, requiring the…

Computation and Language · Computer Science 2026-05-01 An-Yang Ji , Jun-Peng Jiang , De-Chuan Zhan , Han-Jia Ye

There is an increasing body of work using Large Language Models (LLMs) as agents for orchestrating workflows and making decisions in domains that require planning and multi-step reasoning. As a result, it is imperative to evaluate LLMs on…

Artificial Intelligence · Computer Science 2026-03-03 Harsha Kokel , Michael Katz , Kavitha Srinivas , Shirin Sohrabi

Assessing the capacity of Large Language Models (LLMs) to plan and reason within the constraints of interactive environments is crucial for developing capable AI agents. We introduce $\textbf{LLM-BabyBench}$, a new benchmark suite designed…

Artificial Intelligence · Computer Science 2025-05-20 Omar Choukrani , Idriss Malek , Daniil Orel , Zhuohan Xie , Zangir Iklassov , Martin Takáč , Salem Lahlou

Generating plans of action, and reasoning about change have long been considered a core competence of intelligent agents. It is thus no surprise that evaluating the planning and reasoning capabilities of large language models (LLMs) has…

Computation and Language · Computer Science 2023-11-28 Karthik Valmeekam , Matthew Marquez , Alberto Olmo , Sarath Sreedharan , Subbarao Kambhampati

As the application of Large Language Models (LLMs) expands, the demand for reliable evaluations increases. Existing LLM evaluation benchmarks primarily rely on static datasets, making it challenging to assess model performance in dynamic…

Computation and Language · Computer Science 2024-10-08 Qingchen Yu , Shichao Song , Ke Fang , Yunfeng Shi , Zifan Zheng , Hanyu Wang , Simin Niu , Zhiyu Li

This paper presents a novel framework for enhancing reasoning capabilities in large language models (LLMs) by leveraging iterative reasoning and feedback-driven methodologies. Building on the limitations identified in the SimpleBench…

Computation and Language · Computer Science 2024-12-18 Soham Sane , Angus McLean

Large Language Models (LLMs) are increasingly excelling and outpacing human performance on many tasks. However, to improve LLM reasoning, researchers either rely on ad-hoc generated datasets or formal mathematical proof systems such as the…

Artificial Intelligence · Computer Science 2025-11-03 Nikolaus Holzer , William Fishell , Baishakhi Ray , Mark Santolucito

Large language model (LLM) simulations of human behavior have the potential to revolutionize the social and behavioral sciences, if and only if they faithfully reflect real human behaviors. Current evaluations of simulation fidelity are…

Computation and Language · Computer Science 2026-04-14 Tiancheng Hu , Joachim Baumann , Lorenzo Lupo , Nigel Collier , Dirk Hovy , Paul Röttger

Marketing mix modeling (MMM) is a widely used method to assess the effectiveness of marketing campaigns and optimize marketing strategies. Bayesian MMM is an advanced approach that allows for the incorporation of prior information,…

Applications · Statistics 2025-01-03 Roy Ravid

Multimodal Large Language Models (MLLMs) are evaluated on various benchmarks, such as image captioning, visual question answering, and reasoning. However, many of these benchmarks include overly simple or uninformative samples, complicating…

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