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Veronika Batzdorfer

Publications and source records attributed to Veronika Batzdorfer.

2 recordsLinked to original sources

Reproducibility is not construct validity: LLM measurement of institutionally situated communication

High annotation reproducibility does not necessarily imply that an LLM-inferred measure captures the construct it is intended to measure. We test this distinction using a dataset from the European Commission's AI Act consultation, linking structured survey responses to free-text consultation submissions from the same stakeholders. LLM annotations of consultation submissions are highly reproducible (intraclass correlations > 0.99), yet show limited convergence with survey-reported measures of the nominal construct they were intended to approximate. Divergence between survey-and LLM-inferred text-based measures varies systematically across stakeholder groups: business associations express greater concern about AI risks in text-based consultations than in survey responses ({g} = +1.0), whereas public authorities and several nonbusiness groups show smaller or negative divergences. Divergences between scores suggest positive spatial autocorrelation across European countries (Moran's I = 0.347, p = 0.036), indicating that stakeholders from neighboring countries tend toward more similar text-based stances towards AI safety concerns. Despite divergence, survey-reported concerns remain strongly associated with support for explainability across all divergence levels. These results demonstrate that LLM annotation reproducibility can coexist with poor construct correspondence and motivate validation procedures that distinguish reproducibility, construct validity, and communication context variation when LLMs are used as measurement instruments.

cs.AI

Exploring Relationships Between Cryptocurrency News Outlets and Influencers' Twitter Activity and Market Prices

Academics increasingly acknowledge the predictive power of social media for a wide variety of events and, more specifically, for financial markets. Anecdotal and empirical findings show that cryptocurrencies are among the financial assets that have been affected by news and influencers' activities on Twitter. However, the extent to which Twitter crypto influencer's posts about trading signals and their effect on market prices is mostly unexplored. In this paper, we use LLMs to uncover buy and not-buy signals from influencers and news outlets' Twitter posts and use a VAR analysis with Granger Causality tests and cross-correlation analysis to understand how these trading signals are temporally correlated with the top nine major cryptocurrencies' prices. Overall, the results show a mixed pattern across cryptocurrencies and temporal periods. However, we found that for the top three cryptocurrencies with the highest presence within news and influencer posts, their aggregated LLM-detected trading signal over the preceding 24 hours granger-causes fluctuations in their market prices, exhibiting a lag of at least 6 hours. In addition, the results reveal fundamental differences in how influencers and news outlets cover cryptocurrencies.

cs.SI