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In many search markets, advance interim contracts include an explicit right to renege, granting one party the option to switch to more attractive matches that emerge later in the search process. This paper studies the design and welfare…

General Economics · Economics 2026-03-30 Richard Faltings

Reinforcement Learning from Human Feedback (RLHF) is a pivotal technique for aligning large language models (LLMs) with human preferences, yet it is susceptible to reward overoptimization, in which policy models overfit to the reward model,…

Algorithmic trading requires short-term tactical decisions consistent with long-term financial objectives. Reinforcement Learning (RL) has been applied to such problems, but adoption is limited by myopic behaviour and opaque policies. Large…

Machine Learning · Computer Science 2025-10-28 Adam Darmanin , Vince Vella

Autonomous driving has made significant strides through data-driven techniques, achieving robust performance in standardized tasks. However, existing methods frequently overlook user-specific preferences, offering limited scope for…

Robotics · Computer Science 2025-05-13 Chengkai Xu , Jiaqi Liu , Yicheng Guo , Yuhang Zhang , Peng Hang , Jian Sun

Large language models (LLMs) exhibit diverse response behaviors, costs, and strengths, making it challenging to select the most suitable LLM for a given user query. We study the problem of adaptive multi-LLM selection in an online setting,…

Machine Learning · Computer Science 2025-06-24 Manhin Poon , XiangXiang Dai , Xutong Liu , Fang Kong , John C. S. Lui , Jinhang Zuo

With the rise of large language models (LLMs), ensuring they embody the principles of being helpful, honest, and harmless (3H), known as Human Alignment, becomes crucial. While existing alignment methods like RLHF, DPO, etc., effectively…

Computation and Language · Computer Science 2024-04-02 Shu Yang , Jiayuan Su , Han Jiang , Mengdi Li , Keyuan Cheng , Muhammad Asif Ali , Lijie Hu , Di Wang

Large Language Models (LLMs) have demonstrated strong reasoning capabilities across various tasks. However, even minor variations in query phrasing, despite preserving the underlying semantic meaning, can significantly affect their…

Computation and Language · Computer Science 2025-02-26 Yihang Yao , Zhepeng Cen , Miao Li , William Han , Yuyou Zhang , Emerson Liu , Zuxin Liu , Chuang Gan , Ding Zhao

LLMs utilizing chain-of-thought reasoning often waste substantial compute by producing long, incorrect responses. Abstention can mitigate this by withholding outputs unlikely to be correct. While most abstention methods decide to withhold…

Machine Learning · Computer Science 2026-05-26 Hen Davidov , Nachshon Cohen , Oren Kalinsky , Yaron Fairstein , Guy Kushilevitz , Ram Yazdi , Patrick Rebeschini

The advancement of Large Language Models (LLMs) has significantly boosted performance in natural language processing (NLP) tasks. However, the deployment of high-performance LLMs incurs substantial costs, primarily due to the increased…

Machine Learning · Computer Science 2024-03-22 Saehan Jo , Immanuel Trummer

Large Language Models (LLMs) demonstrate strong few-shot generalization through in-context learning, yet their reasoning in dynamic and stochastic environments remains opaque. Prior studies mainly focus on static tasks and overlook the…

Artificial Intelligence · Computer Science 2025-12-23 Jensen Zhang , Jing Yang , Keze Wang

Large Language Models (LLMs), prominently highlighted by the recent evolution in the Generative Pre-trained Transformers (GPT) series, have displayed significant prowess across various domains, such as aiding in healthcare diagnostics and…

Portfolio Management · Quantitative Finance 2023-09-08 Yang Li , Yangyang Yu , Haohang Li , Zhi Chen , Khaldoun Khashanah

The rapid release of both language models and benchmarks makes it increasingly costly to evaluate every model on every dataset. In practice, models are often evaluated on different samples, making scores difficult to compare across studies.…

Computation and Language · Computer Science 2026-04-16 Eliya Habba , Itay Itzhak , Asaf Yehudai , Yotam Perlitz , Elron Bandel , Michal Shmueli-Scheuer , Leshem Choshen , Gabriel Stanovsky

With the rapid advancement of large language models (LLMs), the diversity of multi-LLM tasks and the variability in their pricing structures have become increasingly important, as costs can vary greatly between different LLMs. To tackle…

Machine Learning · Computer Science 2024-10-03 Xiangxiang Dai , Jin Li , Xutong Liu , Anqi Yu , John C. S. Lui

We propose Dynamic Meta-Metrics (DMM), a framework for machine translation evaluation that learns source-sentence conditioned combinations of existing metrics. Rather than relying on a single static ensemble or language-specific weighting,…

Computation and Language · Computer Science 2026-05-12 Luke Zhang , Justin Vasselli , Aditya Khan , York Hay Ng , En-Shiun Annie Lee

We present a framework in which a large language model (LLM) acts as an online adaptive controller for SIMP topology optimization, replacing conventional fixed-schedule continuation with real-time, state-conditioned parameter decisions. At…

Computational Engineering, Finance, and Science · Computer Science 2026-05-18 Shaoliang Yang , Jun Wang , Yunsheng Wang

Large Language Models (LLMs) typically generate outputs token by token using a fixed compute budget, leading to inefficient resource utilization. To address this shortcoming, recent advancements in mixture of expert (MoE) models,…

Automated Market Makers (AMMs) are a central component of decentralized exchanges, yet their equilibrium foundations and microeconomic mechanisms remain incompletely understood. This paper develops a dynamic equilibrium framework for…

General Economics · Economics 2026-03-10 Chengqi Zang , Zhenghui Wang , Weitong Zhang

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) can generate survey responses at low cost, but their reliability varies substantially across questions and is unknown before data collection. Deploying LLMs in surveys still requires costly human responses for…

Machine Learning · Computer Science 2026-04-15 Zikun Ye , Jiameng Lyu , Rui Tao

To incentivize flexible resources such as Battery Energy Storage Systems (BESSs) to offer Frequency Control Ancillary Services (FCAS), Australia's National Electricity Market (NEM) has implemented changes in recent years towards…

Systems and Control · Electrical Eng. & Systems 2024-06-04 Borui Zhang , Chaojie Li , Guo Chen , Zhaoyang Dong