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