The paper introduces the Token Economy Score (TES), a metric that quantifies the accuracy gain of reasoning-capable large language models relative to non-reasoning baselines, normalized by token generation cost. An empirical study across 151 runs on seven diverse benchmarks shows that task structure—such as sequential inference chains—predicts higher TES, while knowledge-recall tasks yield lower TES despite difficulty. The analysis also reveals diminishing returns at higher reasoning effort and highlights how deployment context, via Reasoning Cost Share and Deployment Cost Multiplier, can alter the economic viability of reasoning workloads.
By Sachin Gopal Wani, Ajay Dholakia, David Ellison
arXiv:2505. 12992v4 Announce Type: replace-cross Abstract: Inference-time scaling techniques have significantly bolstered the reasoning capabilities of large language models (LLMs) by harnessing additional computational effort at inference without retraining.
By Baohao Liao, Hanze Dong, Yuhui Xu, Doyen Sahoo, Christof Monz, Junnan Li, Caiming Xiong
The paper demonstrates that frontier language models can be prompted to expose their internal chain-of-thought reasoning via a simple custom tool. By comparing these extracted traces to native reasoning on open-source models, the authors confirm that the externalized reasoning aligns with genuine reasoning and outperforms no-reasoning baselines across math, science, and code tasks. They further analyze the structure of the reasoning, noting token-efficient, directed reasoning in models like GPT‑6 Astra, which externalizes only crucial steps while handling elementary ones internally.
By Xiaoyu Luo, Tao Ren, Wenrui Yu, Xiao Li, Qiongxiu Li, Johannes Bjerva
arXiv:2609.16055v1 Announce Type: cross
Abstract: Test-time compute has emerged as a major approach to improving the capabilities of Large Language Models (LLMs). However, existing test-time reasonin...
By Zhiren Gong, Yikun Hou, Zihao Zeng, Ming Xiao, Chau Yuen, Wei Yang Bryan Lim
The paper argues that large language models need adaptive reasoning rather than fixed reasoning budgets. It shows that over‑reasoning leads to high computational cost without accuracy gains, while under‑reasoning results in incorrect or incomplete solutions. The authors evaluate these failure modes on MATH‑500 and the GAIA benchmark, highlighting the need for dynamic reasoning allocation in agentic AI systems.
By Md Jueal Mia, M. Hadi Amini
arXiv:2606. 00376v1 Announce Type: new Abstract: Extended chain-of-thought reasoning can degrade performance on deterministic state-tracking tasks, not due to preference biases, but limits rooted in the information-theoretic capacity of decoder-only attention.
By Dongxin Guo, Jikun Wu, Siu Ming Yiu