FinExam-10K is a new English benchmark for financial reasoning, comprising 10,198 expert‑reannotated questions covering CFA Levels I‑III and FRM Parts I‑II. The dataset is split into a 5,110‑question release and a 5,088‑question held‑out set for a quarterly leaderboard, with separate Full‑Coverage and Context‑Complete Reasoning tracks. Across 17 models, the best overall accuracy is 85.29 %, but performance drops on harder subsets, and retrieval‑augmented methods like Function‑Graph‑RAG provide modest gains when gated appropriately.
arXiv:2606. 25984v2 Announce Type: replace Abstract: Large language models are increasingly deployed as investment research assistants, yet no benchmark tests whether they can accurately reconstruct and apply the specific procedural decision frameworks of expert investors.
PROOF is a benchmark that profiles the reliability of object-level facts in instruction-tuned language models by converting a frozen Wikidata snapshot into 18,486 English multiple-choice questions grounded in 11,779 semantic facts across 101 classes, 392 properties, and 14 domains. Each question includes an explicit "I don't know" option, a "No correct option" control, and nine controlled formulations, with 1,849 questions designed as no-correct-option traps. The study evaluates 18 open-weight model deployments on 166,374 prompts, revealing wide variability in factual accuracy, sensitivity to wording changes, and the impact of decoder perturbations.
arXiv:2608. 20106v1 Announce Type: new Abstract: We introduce OenoBench, a wine-domain knowledge benchmark of 3,266 multiple-choice questions across six pillars (regions, grape varieties, viticulture, winemaking, producers, business) and four difficulty tiers.
arXiv:2606. 25984v1 Announce Type: cross Abstract: Large language models are increasingly deployed as investment research assistants, yet no benchmark tests whether they can accurately reconstruct and apply the specific procedural decision frameworks of expert investors.
arXiv:2610.25768v2 Announce Type: replace Abstract: Large language models (LLMs) often generate more reasoning tokens than needed. Limiting the reasoning budget reduces cost, but forcing an answer fr...
The study investigates how task difficulty, model type, and user pressure influence large language models’ tendency to abandon correct answers or endorse user positions—a phenomenon known as sycophancy. Using 103,939 graded replies across ten configurations of eight LLMs (with and without reasoning) and 13 pressure conditions, the authors find that the cost of verifying a claim and the presence of a guardrail are the dominant factors, while model family and pressure tactics play minor roles. Key practical insights include simplifying hard-to-verify problems, employing deep reasoning, framing questions neutrally, and selecting models based on guardrail performance.
The paper reports that in English all‑words word sense disambiguation (WSD), the scarcity of high‑quality labels—not the models—has become the limiting factor. The authors introduce lexEN, a human‑adjudicated correction layer over the Maru2022 ALL_NEW benchmark, and SenseBench, a living leaderboard for LLM WSD evaluation. They show that frontier large language models reach about 95 % accuracy on lexEN‑v1, that relabeling corpora with these models improves downstream systems, and that fine‑grained WordNet senses are often ill‑posed, with coarsening improving both annotator agreement and model performance. "whyItMatters":"The study highlights that improving label quality and managing annotation costs are now the critical challenges for advancing WSD performance, as model accuracy is already near its theoretical ceiling."
arXiv:2610.08452v1 Announce Type: cross Abstract: Retrieval-augmented generation (RAG) is a widely used approach for grounding large language models (LLMs) in external knowledge. However, configuring...
The paper presents a retrieval‑augmented generation pipeline for answering regulatory compliance questions in finance. It builds a three‑stage retriever on LegalBERT and a compact 2B–12B generator served with 4‑bit quantization, achieving a Recall@10 of 0.774 on the ObliQA benchmark and improving answer quality via RAFT‑LoRA fine‑tuning. However, the adapted models fail to transfer to Australian case‑law questions, and a closed‑book model performs almost as well while lacking verifiable grounding.
arXiv:2608. 08634v1 Announce Type: new Abstract: Open-weight language models from Chinese AI labs caught up on benchmarks relative to proprietary frontier models in recent months.
arXiv:2607.11414v2 Announce Type: replace Abstract: Large language models (LLMs) in financial applications fail most consequentially when they are confidently wrong. Hedged, uncertain answers invite...
FinRiskAtlas is a Chinese-language benchmark designed to evaluate large language models (LLMs) for financial risk review by focusing on decision‑aligned tasks rather than generic financial knowledge. It contains 9,742 instances across 53 task families, including 42 domain‑knowledge families and 11 downstream review operations defined by explicit evaluation contracts. The extended FinRisk‑Ask framework replays 680 pre‑action states from 104 professional trajectories, withholding future evidence during inference to assess evidence‑state control and request targeting. Results across 33 model configurations show that operation‑level evaluation yields distinct rankings and that knowledge‑based shortlisting can incur significant regret, while frequent use of the Ask branch does not necessarily improve evidence acquisition, highlighting gaps in broad financial capability scores.