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Firm competition and collusion involve complex dynamics, particularly when considering communication among firms. Such issues can be modeled as problems of complex systems, traditionally approached through experiments involving human…

Artificial Intelligence · Computer Science 2024-02-05 Xu Han , Zengqing Wu , Chuan Xiao

This paper develops a formal framework to assess policies of learning algorithms in economic games. We investigate whether reinforcement-learning agents with collusive pricing policies can successfully extrapolate collusive behavior from…

General Economics · Economics 2022-01-06 Nicolas Eschenbaum , Filip Mellgren , Philipp Zahn

Distributed learning is essential to train machine learning algorithms across heterogeneous agents while maintaining data privacy. We conduct an asymptotic analysis of Unified Distributed SGD (UD-SGD), exploring a variety of communication…

Machine Learning · Computer Science 2024-10-30 Jie Hu , Yi-Ting Ma , Do Young Eun

Large language model (LLM) agents have shown increasing promise for collaborative task completion. However, existing multi-agent frameworks often rely on static workflows, fixed roles, and limited inter-agent communication, reducing their…

Multiagent Systems · Computer Science 2026-02-13 Chengxuan Xia , Qianye Wu , Sixuan Tian , Yilun Hao

Large Language Models (LLMs) are increasingly used to power autonomous agents for complex, multi-step tasks. However, human-agent interaction remains pointwise and reactive: users approve or correct individual actions to mitigate immediate…

Human-Computer Interaction · Computer Science 2026-03-13 Gaole He , Brian Y. Lim

The emergence of large language models has enabled sophisticated multi-agent systems, yet coordinating their reasoning capabilities through prompt engineering remains challenging. We present a theoretically-grounded framework for dynamic…

Multiagent Systems · Computer Science 2025-10-02 Hassen Dhrif

Safety of Large Language Models (LLMs) has become a critical issue given their rapid progresses. Greedy Coordinate Gradient (GCG) is shown to be effective in constructing adversarial prompts to break the aligned LLMs, but optimization of…

Computation and Language · Computer Science 2024-11-11 Yiran Zhao , Wenyue Zheng , Tianle Cai , Xuan Long Do , Kenji Kawaguchi , Anirudh Goyal , Michael Shieh

A large amount of work has been done in Multi-Agent Systems (MAS) for modeling and solving problems with multiple interacting agents. However, most LLMs are pretrained independently and not specifically optimized for coordination. Existing…

Artificial Intelligence · Computer Science 2025-12-10 Shuo Liu , Tianle Chen , Zeyu Liang , Xueguang Lyu , Christopher Amato

The growing adoption of large language models (LLMs) presents potential for deeper understanding of human behaviours within game theory frameworks. Addressing research gap on multi-player competitive games, this paper examines the strategic…

General Economics · Economics 2024-10-04 Siting Estee Lu

Large-language-model (LLM)-based AI agents have recently showcased impressive versatility by employing dynamic reasoning, an adaptive, multi-step process that coordinates with external tools. This shift from static, single-turn inference to…

Machine Learning · Computer Science 2026-01-08 Jiin Kim , Byeongjun Shin , Jinha Chung , Minsoo Rhu

The widespread deployment of LLM-based agents is likely to introduce a critical privacy threat: malicious agents that proactively engage others in multi-turn interactions to extract sensitive information. However, the evolving nature of…

Cryptography and Security · Computer Science 2026-05-11 Yanzhe Zhang , Diyi Yang

Understanding decision-making in multi-AI-agent frameworks is crucial for analyzing strategic interactions in network-effect-driven contexts. This study investigates how AI agents navigate network-effect games, where individual payoffs…

Multiagent Systems · Computer Science 2025-12-16 Yu Liu , Wenwen Li , Yifan Dou , Guangnan Ye

LLM-based autonomous agents have demonstrated strong capabilities in reasoning, planning, and tool use, yet remain limited when tasks require sustained coordination across roles, tools, and environments. Multi-agent systems address this…

As Large Language Models (LLMs) become increasingly integrated into financial systems, understanding their behavioural properties is crucial. Do LLMs conform to the rational expectations paradigm, do they exhibit human-like "animal…

Trading and Market Microstructure · Quantitative Finance 2026-04-30 Maxime Saxena , Marco Pangallo , Cars Hommes , Fabio Caccioli , R. Maria del Rio-Chanona

This paper introduces the Minimum Price Markov Game (MPMG), a theoretical model that reasonably approximates real-world first-price markets following the minimum price rule, such as public auctions. The goal is to provide researchers and…

Computer Science and Game Theory · Computer Science 2025-03-20 Igor Sadoune , Marcelin Joanis , Andrea Lodi

The rise of Agent AI and Large Language Model-powered Multi-Agent Systems (LLM-MAS) has underscored the need for responsible and dependable system operation. Tools like LangChain and Retrieval-Augmented Generation have expanded LLM…

Multiagent Systems · Computer Science 2025-02-05 Jinwei Hu , Yi Dong , Shuang Ao , Zhuoyun Li , Boxuan Wang , Lokesh Singh , Guangliang Cheng , Sarvapali D. Ramchurn , Xiaowei Huang

Large Language Model (LLM) based multi-agent systems (MAS) show remarkable potential in collaborative problem-solving, yet they still face critical challenges: low communication efficiency, poor scalability, and a lack of effective…

Computation and Language · Computer Science 2025-02-19 Weize Chen , Jiarui Yuan , Chen Qian , Cheng Yang , Zhiyuan Liu , Maosong Sun

Large Language Models (LLMs) are increasingly embedded in enterprise workflows, yet their performance remains highly sensitive to prompt design. Automatic Prompt Optimization (APO) seeks to mitigate this instability, but existing approaches…

Artificial Intelligence · Computer Science 2026-02-03 Wei Chen , Yanbin Fang , Shuran Fu , Fasheng Xu , Xuan Wei

There has been substantial recent concern that pricing algorithms might learn to ``collude.'' Supra-competitive prices can emerge as a Nash equilibrium of repeated pricing games, in which sellers play strategies which threaten to punish…

Computer Science and Game Theory · Computer Science 2024-12-17 Eshwar Ram Arunachaleswaran , Natalie Collina , Sampath Kannan , Aaron Roth , Juba Ziani

Red-teaming is a common practice for mitigating unsafe behaviors in Large Language Models (LLMs), which involves thoroughly assessing LLMs to identify potential flaws and addressing them with responsible and accurate responses. While…

Computation and Language · Computer Science 2023-11-15 Suyu Ge , Chunting Zhou , Rui Hou , Madian Khabsa , Yi-Chia Wang , Qifan Wang , Jiawei Han , Yuning Mao