arXiv AI

When Shippers Become Algorithms: Candidate Exposure, Information Design, and the Concentration of LLM-Mediated Freight Markets

arXiv:2607. 19967v1 Announce Type: cross Abstract: Shippers are beginning to delegate carrier selection to large language model (LLM) agents.

arXiv Machine Learning
Sep 1

E-Commerce Bench: Evaluating LLM Agents on Long-Horizon Autonomous Business Operation

E-Commerce Bench is an open‑source benchmark that simulates a year‑long e‑commerce operation, requiring LLM agents to manage multiple online stores, negotiate with suppliers, optimize sales, fulfill orders, handle returns, and manage cash flow. The environment uses real product and supplier data, a calendar of promotions and shocks, and deterministic customer and negotiation models to enable reproducible evaluation. The study evaluates 18 state‑of‑the‑art models across seven metrics, finding no single model dominates, with GPT‑5.6 Sol achieving the highest year‑end assets but lagging in fraud avoidance and operational efficiency.

By Wei Fan, Xinjie Shen, Xudong Guo, Jianhong Tu, Yang Su, Yinger Zhang, Lianghao Deng, Fengyu Wang, Baohua Dong, Yangqiu Song, Dayiheng Liu
arXiv AI
Sep 28

PriceBench: A Diagnostic Benchmark for Price, Quality, and Brand Preferences in LLM Booking Agents

PriceBench is a diagnostic benchmark that extracts price, quality, and brand preferences from large language models (LLMs) by analyzing their hotel booking choices. Using a logit choice model, the study evaluated 28 LLMs from eight providers across 3,600 booking tasks involving 179 New York City hotels. Results show that more capable LLMs exhibit stronger, more consistent preferences, while weaker models either lock onto a single position or show near-indifference, with significant variation in price sensitivity and price/quality trade-offs across providers.

By Pavel Kireyev
arXiv AI
Aug 3

MerchantBench: Benchmarking LLM Agents for Long-Term Coherence in E-Commerce Operations

arXiv:2607. 28956v1 Announce Type: new Abstract: Large language model agents are increasingly evaluated as autonomous tool users, yet most benchmarks focus on bounded tasks with immediate success criteria.

By Qiming Shi, Yulong Tao, Linbo Jin, Zhaolu Kang, Yibo Dou, Jiawen Zhu, Tianjun Pan, Shaokang Fu, Chengyu Wang, Siyue Li, Yaping Cheng, Di Weng, Chengfu Huo
arXiv AI
Sep 10

What LLM Trading Agents Actually Do in Production: A Six-Month, Population-Scale Record from Two Fleets

The paper reports a six‑month, population‑scale measurement of autonomous language‑model trading agents operating in two production fleets: DX Terminal Pro, with 3,505 user‑funded vaults trading real ETH in Base memecoin markets, and the DXAP live alpha fleet, with 500–599 user‑created agents trading Hyperliquid perpetuals. Across roughly 7.5 million single‑model invocations and 231,638 multi‑tool turns, the study finds that operating layer design, risk sliders, and leaderboard boundaries drive behavior more than strategy text; agents are volatility‑blind in sizing, capture little upside, and show no directional edge compared to a retail benchmark. The analysis includes regression discontinuity, permutation nulls, and a 17‑rule methodology canon to validate the findings.

By T. J. Barton, Chris Constantakis, Patti Hauseman, Annie Mous, Alaska Hoffman, Brian Bergeron, Hunter Goodreau
arXiv AI
6d ago

Advertising to Agents: Measuring Description-Framing Bias in LLM Tool Selection

The study investigates how sales language in tool registry descriptions influences AI agents’ tool selection. By creating paired listings that differ only in praise, verifiable specifications, or order, the authors found that stacked praise increased a tool’s pick rate by about 43 percentage points, while the first-listed tool was chosen roughly 72 points more often. Structured fields for numeric limits helped agents choose capable tools, but accompanying sales text could negate this benefit.

By Haochuan Kevin Wang
arXiv AI
2d ago

CrashGym: Measuring the Decision Value of Experimentation for LLM Agents in Counterfactual Market Crashes

CrashGym is a deterministic, replayable limit‑order‑book simulator that lets language‑model agents decide between a deleveraging intervention and a liquidity backstop before a market crash. Agents can query intervention experiments in a laboratory version of the market, and their choices are scored by simulating every feasible intervention on an independently seeded target realization, allowing direct regret calculation. In a study of 24 new worlds, laboratory access reduced mean regret by 57.4% for one deployment, and exploratory results suggest lower regret across all evaluated deployments, while an evolving strategy mix offers no clear advantage over a fixed mix.

By Haocheng Lu, Haoxuan Cheng, Mingyang Chen, Minjun Zhu
arXiv AI
Sep 17

Whom Do AI Agents Work For? Role Assignment Induces Sponsorship Bias in LLM Recommenders

The paper investigates how role assignment in large language model (LLM) recommenders influences sponsorship bias. By assigning the agent’s principal as either a traveler or a booking platform, the authors find that platform delegation reduces the penalty applied to sponsored listings and weakens consumer skepticism triggered by disclosure. The study also shows that stricter terminology and attribution to the platform widen the divergence in agent evaluations, indicating that current disclosure mandates are insufficient to protect consumers in AI-mediated commerce.

By Davood Wadi, Yu Ma