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Large Language Models (LLMs) are known to exhibit social, demographic, and gender biases, often as a consequence of the data on which they are trained. In this work, we adopt a mechanistic interpretability approach to analyze how such…
Probabilistic forecasts are typically obtained using state-of-the-art statistical and machine learning models, with model parameters estimated by optimizing a proper scoring rule over a set of training data. If the model class is not…
As Language Models (LMs) increasingly operate as autonomous agents, accurately forecasting their capabilities becomes crucial for societal preparedness. We evaluate six forecasting methods that predict downstream capabilities of LM agents.…
Large language models (LLMs) are a type of machine learning tool that economists have started to apply in their empirical research. One such application is macroeconomic forecasting with backtesting of LLMs, even though they are trained on…
The tool-use ability of Large Language Models (LLMs) has a profound impact on a wide range of industrial applications. However, LLMs' self-control and calibration capability in appropriately using tools remains understudied. The problem is…
Recent research has highlighted the importance of dataset size in scaling language models. However, large language models (LLMs) are notoriously token-hungry during pre-training, and high-quality text data on the web is approaching its…
Predicting future events is an important activity with applications across multiple fields and domains. For example, the capacity to foresee stock market trends, natural disasters, business developments, or political events can facilitate…
Large Language Models offer impressive language capabilities but suffer from well-known limitations, including hallucinations, biases, privacy concerns, and high computational costs. These issues are largely driven by the combination of…
The scaling trend in Large Language Models (LLMs) has prioritized increasing the maximum context window to facilitate complex, long-form reasoning and document analysis. However, managing this expanded context introduces severe…
Standard evaluation protocols reveal a counterintuitive phenomenon: on 7.7% of benchmark problems spanning five datasets, larger language models underperform smaller ones by 28.4 percentage points despite 10-100x more parameters. Through…
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…
The use of machine learning (ML) methods for prediction and forecasting has become widespread across the quantitative sciences. However, there are many known methodological pitfalls, including data leakage, in ML-based science. In this…
Sophisticated machine learning (ML) models to inform trading in the financial sector create problems of interpretability and risk management. Seemingly robust forecasting models may behave erroneously in out of distribution settings. In…
Modern LLMs are increasingly deep, and depth correlates with performance, albeit with diminishing returns. However, do these models use their depth efficiently? Do they compose more features to create higher-order computations that are…
Using pre-trained large language models (LLMs) as a backbone for time series prediction has recently attracted growing research interest. Existing approaches typically split time series into patches, map them to the token space of LLMs via…
LLMs can be unpredictable, as even slight alterations to the prompt can cause the output to change in unexpected ways. Thus, the ability of models to accurately explain their behavior is critical, especially in high-stakes settings. One…
Compute-optimal scaling laws are relatively well studied for NLP and CV, where objectives are typically single-step and targets are comparatively homogeneous. Weather forecasting is harder to characterize in the same framework:…
We present an outcome-driven fine-tuning framework that enhances the forecasting capabilities of large language models (LLMs) without relying on human-curated reasoning samples. Our method leverages model self-play to generate pairs of…
Language Models (LMs) exhibit two distinct mechanisms for knowledge acquisition: in-weights learning (i.e., encoding information within the model weights) and in-context learning (ICL). Although these two modes offer complementary…
There is considerable confusion about the role of Large Language Models (LLMs) in planning and reasoning tasks. On one side are over-optimistic claims that LLMs can indeed do these tasks with just the right prompting or self-verification…