Searcharxiv⌕ Search

arXiv subjects

Zhengzhao Lai

Publications and source records attributed to Zhengzhao Lai.

7 recordsLinked to original sources

LiveOption: Evaluating LLM Agents in Structured Option Trading with Nonlinear Payoffs

Large language models (LLMs) and multi-agent systems (MAS) have shown promise in financial decision-making, yet existing evaluations focus on equity trading and primarily assess directional prediction, overlooking the structural complexity of derivative markets. Option trading introduces fundamentally different challenges, including nonlinear payoffs and multi-leg strategy construction, requiring structured decisions rather than simple directional bets. We introduce LiveOption, an evaluation framework for LLM-based agents in option trading. LiveOption formulates the problem as structured sequential decision-making under realistic execution and capital constraints, and provides a reproducible environment with standardized interaction protocols. The framework includes three task suites covering portfolio overlays, event-driven earnings trading, and 0DTE intraday trading. We further propose a hierarchical metric suite that evaluates action validity, decision quality, risk characteristics, and outcome-level performance. Experiments show that current agents often fail to achieve competitive returns in most scenarios. LiveOption offers a principled testbed for evaluating structured decision-making beyond outcome-based metrics.

cs.AI↗

Why Vision Fails as a Universal Bridge: Rectifying Modality Asynchrony in Multilingual MLLMs

Multimodal large language models (MLLMs) exhibit substantial performance degradation in non-English visual reasoning, despite the strong multilingual competence of their text-only backbones. While mechanistic evidence from text-only models suggests that non-English inputs are routed through an English-centric latent space, the multimodal implications of this phenomenon remain unexplored. Through rigorous mechanistic analysis, we identify the \textbf{Ghost Anchor} phenomenon: a temporal modality asynchrony where linguistic translation to the English semantic manifold completes in early layers, while visual semanticization remains immature. Consequently, visual signals are physically present yet functionally invisible during the early alignment window. To rectify this, we propose \textbf{ANCHOR}, a training framework employing Proactive Visual Anchoring (PVA) to accelerate early visual semantic emergence, ensuring visual representations proactively guide linguistic translation. Mechanistic interventions confirm that ANCHOR successfully restores the causal influence of visual signals during early translation. Furthermore, extensive experiments on XMMMU, MaXM, and CVQA demonstrate that ANCHOR consistently outperforms standard baselines, achieving robust visual reasoning across both fine-tuned and zero-shot languages.

cs.CL↗

LabGuard: Grounding Natural-Language Laboratory Rules into Runtime Guards for Embodied Laboratory Agents

Scientific embodied agents are increasingly capable of carrying out laboratory procedures, but executing these procedures safely in dynamic laboratory environments remains challenging. Current safety approaches often overlook the intermediate step of transforming laboratory natural language, including safety rules, manuals, protocols, and standard operating procedures, into machine-checkable runtime constraints. We introduce LabGuard (Laboratory Guard), a language-to-execution safety suite that grounds natural-language laboratory rules into executable specifications and deploys them as runtime guards. LabGuard includes three core components: LabGuard-IR, which defines a typed executable representation; LabGuard-Bench, which provides 812 supervised annotations expanded from 203 seed laboratory rules; and LabGuard-Grounder, which maps natural-language laboratory rules into LabGuard-IR. The resulting IR instances are handled by the LabGuard Pipeline, which compiles them into runtime monitors and applies them at the controller boundary. Experiments show that LabGuard generalizes to unseen laboratory-rule sources, achieves 79.4 task-scope F1, and reduces unsafe events from 39.5% to 23.8% after monitor compilation. In LabUtopia, its runtime monitors integrate with ACT, keeping interventions below 0.5% while preserving task success.

cs.AI↗

Zero-Parameter Geometric Gating for Temporally Stable Low-Altitude UAV Video Semantic Segmentation

Video semantic segmentation for low-altitude UAVs requires temporal consistency, yet dense optical flow introduces spatially structured noise in the planar regions that dominate aerial imagery. We propose a zero-parameter geometric gate that uses RANSAC homography inlier ratios on a $16\times16$ spatial grid to route each region to either homography or optical flow warp before fusion via Semantic Similarity Propagation. The gate requires no learned parameters -- only a median-threshold binary decision on RANSAC statistics -- adding only 211K trainable parameters (the SSP fusion layer) to a frozen backbone. On synthetic UAVid, the method achieves +4.24--4.91\% mIoU improvement over base models across two architectures (SegFormer-b2 and Hiera-S+UPerNet). Mechanism diagnostics reveal that flow residuals in planar regions are spatially autocorrelated (Moran's I = 0.32, $p < 0.001$), predict boundary instability (Spearman $ρ= 0.66$), and that rigidification recovers temporal consistency from 62\% to 92\% (+29.5pp) in homography-valid regions.

cs.CV↗

From Natural Language to Executable Option Strategies via Large Language Models

Large Language Models (LLMs) excel at general code generation, yet translating natural-language trading intents into correct option strategies remains challenging. Real-world option design requires reasoning over massive, multi-dimensional option chain data with strict constraints, which often overwhelms direct generation methods. We introduce the Option Query Language (OQL), a domain-specific intermediate representation that abstracts option markets into high-level primitives under grammatical rules, enabling LLMs to function as reliable semantic parsers rather than free-form programmers. OQL queries are then validated and executed deterministically by an engine to instantiate executable strategies. We also present a new dataset for this task and demonstrate that our neuro-symbolic pipeline significantly improves execution accuracy and logical consistency over direct baselines.

cs.AI↗

Can Multimodal LLMs See Materials Clearly? A Multimodal Benchmark on Materials Characterization

Materials characterization is fundamental to acquiring materials information, revealing the processing-microstructure-property relationships that guide material design and optimization. While multimodal large language models (MLLMs) have recently shown promise in generative and predictive tasks within materials science, their capacity to understand real-world characterization imaging data remains underexplored. To bridge this gap, we present MatCha, the first benchmark for materials characterization image understanding, comprising 1,500 questions that demand expert-level domain expertise. MatCha encompasses four key stages of materials research comprising 21 distinct tasks, each designed to reflect authentic challenges faced by materials scientists. Our evaluation of state-of-the-art MLLMs on MatCha reveals a significant performance gap compared to human experts. These models exhibit degradation when addressing questions requiring higher-level expertise and sophisticated visual perception. Simple few-shot and chain-of-thought prompting struggle to alleviate these limitations. These findings highlight that existing MLLMs still exhibit limited adaptability to real-world materials characterization scenarios. We hope MatCha will facilitate future research in areas such as new material discovery and autonomous scientific agents. MatCha is available at https://github.com/FreedomIntelligence/MatCha.

cs.CV↗

Agent-Based Anti-Jamming Techniques for UAV Communications in Adversarial Environments: A Comprehensive Survey

Unmanned Aerial Vehicle communications are encountering increasingly severe multi-source interference challenges in dynamic adversarial environments, which impose higher demands on their reliability and resilience. To address these challenges, agent-based autonomous anti-jamming techniques have emerged as a crucial research direction. This paper presents a comprehensive survey that first formalizes the concept of intelligent anti-jamming agents for UAV communications and establishes a closed-loop decision-making framework centered on the "Perception-Decision-Action" (P-D-A) paradigm. Within this framework, we systematically review key technologies at each stage, with particular emphasis on employing game theory to model UAV-jammer interactions and integrating reinforcement learning-based intelligent algorithms to derive adaptive anti-jamming strategies. Furthermore, we discuss potential limitations of current approaches, identify critical engineering challenges, and outline promising future research directions, aiming to provide valuable references for developing more intelligent and robust anti-jamming communication systems for UAVs.

eess.SP↗