arXiv subjects

Zhenyu Cui

Publications and source records attributed to Zhenyu Cui.

At least 19 recordsLinked to original sources

arXiv2026

TrustRoboReward: Preference-Ordered Isotonic Score Editing for Multi-Paradigm Robot Reward Models

Reward models are a bottleneck for reinforcement learning in embodied AI. Long-horizon robotic manipulation requires scalable vision feedback beyond handcrafted rewards or task-specific annotations. Existing open-source VLM reward judges like RoboReward adopt simple 1--5 trajectory progress scoring, lacking pairwise preferences for RLHF, DPO and Bradley-Terry frameworks, while failing to optimize video scene understanding. Augmenting RoboReward with pairwise comparison and video-QA supervision causes inconsistency between pairwise preferences and pointwise scores, introducing training noise and hurting downstream performance---an issue aggregation methods such as TrustJudge cannot resolve. To address this, we propose TrustRoboReward, a multi-paradigm reward modeling framework equipped with Preference-Ordered Isotonic Score Editing (POISE). We construct a unified four-paradigm dataset with trajectory progress scoring (Score-A), video-QA answer quality scoring (Score-B), and their pairwise counterparts (Pair-A, Pair-B). Pairwise labels align better with human judgment than pointwise scores, inspiring us to calibrate pointwise scores to avoid score-pair reversals against pairwise preferences. POISE rectifies pointwise scores and eliminates cross-paradigm reversal conflicts unresolved by TrustJudge. Theoretically, POISE reduces score-pair reversal conflicts from 20.15% to 0%, whereas TrustJudge retains 20.46% conflicts on the same corpus. Evaluated on our benchmark, Qwen3-VL-4B trained with POISE achieves an overall reward score of 77.96%, nearly matching GPT-5-mini (78.09%, gap 0.13%) and outperforming the strongest RoboReward-4B baseline by 10.13%. It also lifts test-time score-pair consistency to 71.90%, exceeding RoboReward-4B (57.26%) and GPT-5-mini (68.09%). Integrating TrustJudge aggregation during inference boosts the overall score to 78.57%, surpassing the GPT-5-mini teacher model.

cs.AI↗

arXiv2026

Structure-Aware Variational State Preparation for Quantum Basket Option Pricing

Basket option pricing often relies on Monte Carlo estimation, for which quantum amplitude estimation (QAE) provides a quadratic speed-up. However, the practical benefit of QAE can be limited by the depth of the state-preparation circuit. We propose a structure-aware quantum state-preparation framework for QAE-based basket option pricing. The framework uses tensor-train (TT) rank information to design shallow variational state-preparation circuits. In the independent regime, TT ranks remove unnecessary entangling links from a hardware-efficient ansatz. In correlated basket settings, we instead prepare asset-wise marginals locally and train a compact latent block to match the basket cumulative distribution function. The Basket-CDF objective targets the basket pushforward distribution rather than the full joint state, directly aligning state preparation with basket-dependent payoffs. Numerical experiments show that the proposed circuits replace the exponential state-preparation depth scaling of exact amplitude loading with linear scaling, while maintaining low-percent basket-pricing errors. Additional sampling-based training experiments and an end-to-end QAE integration study support compatibility with sample-estimated training and standard QAE-based pricing workflows.

quant-ph↗

arXiv2026

Do Agents Think Deeper? A Mechanistic Investigation of Layer-Wise Dynamics in Sequential Planning

Recent mechanistic studies suggest that large language models (LLMs) may utilize their depth inefficiently in standard single-turn tasks. Whether this still holds in autonomous agent settings, where models must perform multi-turn planning, tool use, and iterative state updates, remains unclear. We study this question through a systematic layer-wise analysis of complete user-agent trajectories spanning three domains: Deep Research, Code Generation, and Tabular Processing. Using residual stream probes, causal layer-skipping interventions, and effective-depth measurements, we show that agentic reasoning exhibits a distinct depth profile from static tasks. As trajectories unfold, models progressively recruit more and deeper layers, with stronger long-range inter-layer dependencies emerging in later turns. At the same time, residual updates become increasingly correction-dominant, indicating a shift from stable feature accumulation toward repeated recalibration. Effective-depth analysis further reveals a substantial construction-refinement gap: semantic direction often forms relatively early, while deep layers remain necessary for stabilizing final outputs. Across model families, this gap is pronounced in Qwen and Minimax, whereas GLM shows a more domain-dependent depth allocation pattern. These results provide mechanistic evidence that autonomous LLM agents allocate depth adaptively as reasoning complexity grows.

cs.AI↗

arXiv2026

RS-SSM: Refining Forgotten Specifics in State Space Model for Video Semantic Segmentation

Recently, state space models have demonstrated efficient video segmentation through linear-complexity state space compression. However, Video Semantic Segmentation (VSS) requires pixel-level spatiotemporal modeling capabilities to maintain temporal consistency in segmentation of semantic objects. While state space models can preserve common semantic information during state space compression, the fixed-size state space inevitably forgets specific information, which limits the models' capability for pixel-level segmentation. To tackle the above issue, we proposed a Refining Specifics State Space Model approach (RS-SSM) for video semantic segmentation, which performs complementary refining of forgotten spatiotemporal specifics. Specifically, a Channel-wise Amplitude Perceptron (CwAP) is designed to extract and align the distribution characteristics of specific information in the state space. Besides, a Forgetting Gate Information Refiner (FGIR) is proposed to adaptively invert and refine the forgetting gate matrix in the state space model based on the specific information distribution. Consequently, our RS-SSM leverages the inverted forgetting gate to complementarily refine the specific information forgotten during state space compression, thereby enhancing the model's capability for spatiotemporal pixel-level segmentation. Extensive experiments on four VSS benchmarks demonstrate that our RS-SSM achieves state-of-the-art performance while maintaining high computational efficiency. The code is available at https://github.com/zhoujiahuan1991/CVPR2026-RS-SSM.

cs.CV↗

arXiv2025

Bi-C2R: Bidirectional Continual Compatible Representation for Re-indexing Free Lifelong Person Re-identification

Lifelong person Re-IDentification (L-ReID) exploits sequentially collected data to continuously train and update a ReID model, focusing on the overall performance of all data. Its main challenge is to avoid the catastrophic forgetting problem of old knowledge while training on new data. Existing L-ReID methods typically re-extract new features for all historical gallery images for inference after each update, known as "re-indexing". However, historical gallery data typically suffers from direct saving due to the data privacy issue and the high re-indexing costs for large-scale gallery images. As a result, it inevitably leads to incompatible retrieval between query features extracted by the updated model and gallery features extracted by those before the update, greatly impairing the re-identification performance. To tackle the above issue, this paper focuses on a new task called Re-index Free Lifelong person Re-IDentification (RFL-ReID), which requires performing lifelong person re-identification without re-indexing historical gallery images. Therefore, RFL-ReID is more challenging than L-ReID, requiring continuous learning and balancing new and old knowledge in diverse streaming data, and making the features output by the new and old models compatible with each other. To this end, we propose a Bidirectional Continuous Compatible Representation (Bi-C2R) framework to continuously update the gallery features extracted by the old model to perform efficient L-ReID in a compatible manner. We verify our proposed Bi-C2R method through theoretical analysis and extensive experiments on multiple benchmarks, which demonstrate that the proposed method can achieve leading performance on both the introduced RFL-ReID task and the traditional L-ReID task.

cs.CV↗

arXiv2025

CKDA: Cross-modality Knowledge Disentanglement and Alignment for Visible-Infrared Lifelong Person Re-identification

Lifelong person Re-IDentification (LReID) aims to match the same person employing continuously collected individual data from different scenarios. To achieve continuous all-day person matching across day and night, Visible-Infrared Lifelong person Re-IDentification (VI-LReID) focuses on sequential training on data from visible and infrared modalities and pursues average performance over all data. To this end, existing methods typically exploit cross-modal knowledge distillation to alleviate the catastrophic forgetting of old knowledge. However, these methods ignore the mutual interference of modality-specific knowledge acquisition and modality-common knowledge anti-forgetting, where conflicting knowledge leads to collaborative forgetting. To address the above problems, this paper proposes a Cross-modality Knowledge Disentanglement and Alignment method, called CKDA, which explicitly separates and preserves modality-specific knowledge and modality-common knowledge in a balanced way. Specifically, a Modality-Common Prompting (MCP) module and a Modality-Specific Prompting (MSP) module are proposed to explicitly disentangle and purify discriminative information that coexists and is specific to different modalities, avoiding the mutual interference between both knowledge. In addition, a Cross-modal Knowledge Alignment (CKA) module is designed to further align the disentangled new knowledge with the old one in two mutually independent inter- and intra-modality feature spaces based on dual-modality prototypes in a balanced manner. Extensive experiments on four benchmark datasets verify the effectiveness and superiority of our CKDA against state-of-the-art methods. The source code of this paper is available at https://github.com/PKU-ICST-MIPL/CKDA-AAAI2026.

cs.CV↗

arXiv2025

Class-aware Domain Knowledge Fusion and Fission for Continual Test-Time Adaptation

Continual Test-Time Adaptation (CTTA) aims to quickly fine-tune the model during the test phase so that it can adapt to multiple unknown downstream domain distributions without pre-acquiring downstream domain data. To this end, existing advanced CTTA methods mainly reduce the catastrophic forgetting of historical knowledge caused by irregular switching of downstream domain data by restoring the initial model or reusing historical models. However, these methods are usually accompanied by serious insufficient learning of new knowledge and interference from potentially harmful historical knowledge, resulting in severe performance degradation. To this end, we propose a class-aware domain Knowledge Fusion and Fission method for continual test-time adaptation, called KFF, which adaptively expands and merges class-aware domain knowledge in old and new domains according to the test-time data from different domains, where discriminative historical knowledge can be dynamically accumulated. Specifically, considering the huge domain gap within streaming data, a domain Knowledge FIssion (KFI) module is designed to adaptively separate new domain knowledge from a paired class-aware domain prompt pool, alleviating the impact of negative knowledge brought by old domains that are distinct from the current domain. Besides, to avoid the cumulative computation and storage overheads from continuously fissioning new knowledge, a domain Knowledge FUsion (KFU) module is further designed to merge the fissioned new knowledge into the existing knowledge pool with minimal cost, where a greedy knowledge dynamic merging strategy is designed to improve the compatibility of new and old knowledge while keeping the computational efficiency. Extensive experiments on the ImageNet-C dataset verify the effectiveness of our proposed method against other methods.

cs.CV↗

arXiv2025

State Space Prompting via Gathering and Spreading Spatio-Temporal Information for Video Understanding

Recently, pre-trained state space models have shown great potential for video classification, which sequentially compresses visual tokens in videos with linear complexity, thereby improving the processing efficiency of video data while maintaining high performance. To apply powerful pre-trained models to downstream tasks, prompt learning is proposed to achieve efficient downstream task adaptation with only a small number of fine-tuned parameters. However, the sequentially compressed visual prompt tokens fail to capture the spatial and temporal contextual information in the video, thus limiting the effective propagation of spatial information within a video frame and temporal information between frames in the state compression model and the extraction of discriminative information. To tackle the above issue, we proposed a State Space Prompting (SSP) method for video understanding, which combines intra-frame and inter-frame prompts to aggregate and propagate key spatiotemporal information in the video. Specifically, an Intra-Frame Gathering (IFG) module is designed to aggregate spatial key information within each frame. Besides, an Inter-Frame Spreading (IFS) module is designed to spread discriminative spatio-temporal information across different frames. By adaptively balancing and compressing key spatio-temporal information within and between frames, our SSP effectively propagates discriminative information in videos in a complementary manner. Extensive experiments on four video benchmark datasets verify that our SSP significantly outperforms existing SOTA methods by 2.76% on average while reducing the overhead of fine-tuning parameters.

cs.CV↗

arXiv2025

OmniVideoBench: Towards Audio-Visual Understanding Evaluation for Omni MLLMs

Recent advances in multimodal large language models (MLLMs) have demonstrated substantial potential in video understanding. However, existing benchmarks fail to comprehensively evaluate synergistic reasoning capabilities across audio and visual modalities, often neglecting either one of the modalities or integrating them in a logically inconsistent manner. To bridge this gap, we introduce OmniVideoBench, a large-scale and rigorously designed benchmark dedicated to assessing synergistic audio-visual understanding, with a strong emphasis on modality complementarity and logical consistency. Specifically, OmniVideoBench comprises 1000 high-quality question-answer(QA) pairs, each annotated with step-by-step reasoning traces, derived from 628 diverse videos ranging from several seconds to 30 minutes, and manually verified to guarantee complete correctness and uniqueness. Moreover, OmniVideoBench encompasses 13 carefully designed question types, covering temporal reasoning, spatial localization, counting, causal inference, summarization, and beyond, thereby capturing the essential challenges of video understanding. Evaluation of multiple MLLMs on OmniVideoBench reveals a pronounced gap between model performance and human reasoning, with open-source models lagging significantly behind their closed-source counterparts, underscoring the inherent difficulty of genuine audio-visual reasoning. We will release OmniVideoBench to foster the development of MLLMs with stronger and more generalizable reasoning capabilities.

cs.AI↗

arXiv2025

VeriWeb: Verifiable Long-Chain Web Benchmark for Agentic Information-Seeking

Recent advances have showcased the extraordinary capabilities of Large Language Model (LLM) agents in tackling web-based information-seeking tasks. However, existing efforts mainly focus on single-fact retrieval and rely on outcome-only verification, thereby limiting their scalability in realistic knowledge-intensive scenarios that involve long-horizon web tasks requiring large-scale retrieval and synthesis of information from diverse sources. In this work, we introduce VeriWeb, a novel verifiable long-chain web benchmark designed to facilitate the evaluation and development of web agents within realistic web environments. Our benchmark emphasizes two critical dimensions: (1) long-chain complexity, encompassing both breadth- and depth-oriented search tasks to assess how effectively web agents ensure comprehensive information coverage and consistent context tracking in multi-hop reasoning; and (2) subtask-level verifiability, where tasks are decomposed into a sequence of interdependent verifiable subtasks. This structure enables diverse exploration strategies within each subtask, while ensuring that each subtask-level answer remains unchanged and verifiable. The benchmark consists of 302 tasks across five real-world domains, each with a complete trajectory demonstration, annotated by human experts. Extensive experiments on VeriWeb using various agents powered by different foundation models reveal significant performance gaps in handling long-horizon web tasks, highlighting the need for more powerful agentic information-seeking capabilities.

cs.HC↗

arXiv2025

UPP: Unified Point-Level Prompting for Robust Point Cloud Analysis

Pre-trained point cloud analysis models have shown promising advancements in various downstream tasks, yet their effectiveness is typically suffering from low-quality point cloud (i.e., noise and incompleteness), which is a common issue in real scenarios due to casual object occlusions and unsatisfactory data collected by 3D sensors. To this end, existing methods focus on enhancing point cloud quality by developing dedicated denoising and completion models. However, due to the isolation between the point cloud enhancement and downstream tasks, these methods fail to work in various real-world domains. In addition, the conflicting objectives between denoising and completing tasks further limit the ensemble paradigm to preserve critical geometric features. To tackle the above challenges, we propose a unified point-level prompting method that reformulates point cloud denoising and completion as a prompting mechanism, enabling robust analysis in a parameter-efficient manner. We start by introducing a Rectification Prompter to adapt to noisy points through the predicted rectification vector prompts, effectively filtering noise while preserving intricate geometric features essential for accurate analysis. Sequentially, we further incorporate a Completion Prompter to generate auxiliary point prompts based on the rectified point clouds, facilitating their robustness and adaptability. Finally, a Shape-Aware Unit module is exploited to efficiently unify and capture the filtered geometric features for the downstream point cloud analysis.Extensive experiments on four datasets demonstrate the superiority and robustness of our method when handling noisy and incomplete point cloud data against existing state-of-the-art methods. Our code is released at https://github.com/zhoujiahuan1991/ICCV2025-UPP.

cs.CV↗

arXiv2025

GAPrompt: Geometry-Aware Point Cloud Prompt for 3D Vision Model

Pre-trained 3D vision models have gained significant attention for their promising performance on point cloud data. However, fully fine-tuning these models for downstream tasks is computationally expensive and storage-intensive. Existing parameter-efficient fine-tuning (PEFT) approaches, which focus primarily on input token prompting, struggle to achieve competitive performance due to their limited ability to capture the geometric information inherent in point clouds. To address this challenge, we propose a novel Geometry-Aware Point Cloud Prompt (GAPrompt) that leverages geometric cues to enhance the adaptability of 3D vision models. First, we introduce a Point Prompt that serves as an auxiliary input alongside the original point cloud, explicitly guiding the model to capture fine-grained geometric details. Additionally, we present a Point Shift Prompter designed to extract global shape information from the point cloud, enabling instance-specific geometric adjustments at the input level. Moreover, our proposed Prompt Propagation mechanism incorporates the shape information into the model's feature extraction process, further strengthening its ability to capture essential geometric characteristics. Extensive experiments demonstrate that GAPrompt significantly outperforms state-of-the-art PEFT methods and achieves competitive results compared to full fine-tuning on various benchmarks, while utilizing only 2.19% of trainable parameters. Our code is available at https://github.com/zhoujiahuan1991/ICML2025-GAPrompt.

cs.CV↗

arXiv2025

Unified GARCH-Recurrent Neural Network in Financial Volatility Forecasting

In this study, we develop a unified volatility modeling framework that embeds GARCH dynamics directly within recurrent neural networks. We propose two interpretable hybrid architectures, GARCH-GRU and GARCH-LSTM, that integrate the GARCH(1,1) volatility update into the multiplicative gating structure of GRU and LSTM cells. This unified design preserves economically meaningful GARCH parameters while enabling the networks to learn nonlinear temporal dependencies in financial time series. Comprehensive out-of-sample evaluations across major U.S. equity indices show that both models consistently outperform classical GARCH specifications, pipeline-style hybrids, and neural baselines such as the Transformer across multiple metrics (MSE, MAE, SMAPE, and out-of-sample R\textsuperscript{2}). Within this family, the GARCH-GRU achieves the strongest accuracy-efficiency tradeoff, training nearly three times faster than GARCH-LSTM while maintaining comparable or superior forecasting accuracy under normal market conditions and delivering stable and economically plausible parameter estimates. The advantages persist during extreme market turbulence. In the COVID-19 stress period, both architectures retain superior forecasting accuracy and deliver well-calibrated 99 percent Value-at-Risk forecasts, achieving lower violation ratios and competitive Pinball losses relative to all benchmarks. Overall, the findings underscore the effectiveness of embedding GARCH dynamics within recurrent neural architectures, yielding models that are accurate, efficient, interpretable, and robust for real-world risk-aware volatility forecasting.

q-fin.ST↗

arXiv2025

Rough Heston model as the scaling limit of bivariate cumulative heavy-tailed INAR processes: Weak-error bounds and option pricing

We study nearly unstable bivariate cumulative heavy-tailed INAR($\infty$) processes and show that, under a one-factor parameterization and a suitable scaling, they converge to the rough Heston model. This yields a discrete-time microstructural route to the joint price-variance dynamics and gives explicit formulas linking the INAR asymmetry parameters to the leverage correlation and diffusion scale of the limiting volatility process. On the pricing side, we derive the exact finite-$\tau$ transform recursion and reduce it, in the diffusive scaling regime, to a quadratic discrete Volterra equation. We then compare this discrete equation with the continuous fractional Riccati equation from the rough Heston model. Under an admissible-strip assumption and local-in-frequency bounds, we obtain weak-error estimates for the truncated Carr--Madan pricing functional on bounded frequency windows of the form $C_1\tau^{-\alpha}+C_2(\alpha)\tau^{-(1-\alpha)}$, where the second branch comes from the discrete-to-continuous Volterra comparison. The coefficient $C_2(\alpha)$ collects the vanishing contributions arising from both the weakly singular baseline quadrature and the discrete-to-continuous resolvent comparison, and satisfies $C_2(\alpha)\to0$ as $\alpha\uparrow1^-$. We also develop an FFT-accelerated CDQ simulator with $\mathcal O(\tau\log^2\tau)$ complexity per path and use it to price European and path-dependent options, examine the classical limit $\alpha=1$, and illustrate implied-volatility diagnostics.

math.PR↗

arXiv2024

Strictly monotone mean-variance preferences with applications to portfolio selection

The monotone mean-variance (MMV) preference proposed by Maccheroni, et al. (Math. Finance 19(3): 487-521, 2009) fails to differentiate strictly dominant payoffs, which may cause inconsistency in portfolio decision-making. This paper introduces a broader class of strictly monotone mean-variance (SMMV) preferences and demonstrates its applications to portfolio selection problems. For the single-period portfolio problem under the SMMV preference, we derive the gradient condition for the optimal strategy, and investigate its association with the optimal mean-variance (MV) static strategy. We reduce the problem to solving a set of linear equations by analyzing the saddle point of some minimax problem. And results show that the optimal SMMV, MMV and MV strategies differ significantly in the single-period problem. Furthermore, we conduct numerical experiments and compare our results with those of Maccheroni, et al. (Math. Finance 19(3): 487-521, 2009). The findings indicate that our SMMV preferences provide a more rational basis for assessing given prospects. For the continuous-time portfolio problem under the SMMV preference, we consider continuous price processes with random coefficients, and establish a novel approach based on a general convex duality analysis to derive the optimal strategy. Interestingly, we find that the optimal strategies for SMMV, MMV and MV preferences coincide under a certain condition, and provide a classical microeconomic interpretation for this condition. We also characterize the optimal SMMV portfolio strategies relying on stochastic control techniques to facilitate potential extensions and refinements in future research.

q-fin.MF↗

arXiv2024

Selective Visual Prompting in Vision Mamba

Pre-trained Vision Mamba (Vim) models have demonstrated exceptional performance across various computer vision tasks in a computationally efficient manner, attributed to their unique design of selective state space models. To further extend their applicability to diverse downstream vision tasks, Vim models can be adapted using the efficient fine-tuning technique known as visual prompting. However, existing visual prompting methods are predominantly tailored for Vision Transformer (ViT)-based models that leverage global attention, neglecting the distinctive sequential token-wise compression and propagation characteristics of Vim. Specifically, existing prompt tokens prefixed to the sequence are insufficient to effectively activate the input and forget gates across the entire sequence, hindering the extraction and propagation of discriminative information. To address this limitation, we introduce a novel Selective Visual Prompting (SVP) method specifically for the efficient fine-tuning of Vim. To prevent the loss of discriminative information during state space propagation, SVP employs lightweight selective prompters for token-wise prompt generation, ensuring adaptive activation of the update and forget gates within Mamba blocks to promote discriminative information propagation. Moreover, considering that Vim propagates both shared cross-layer information and specific inner-layer information, we further refine SVP with a dual-path structure: Cross-Prompting and Inner-Prompting. Cross-Prompting utilizes shared parameters across layers, while Inner-Prompting employs distinct parameters, promoting the propagation of both shared and specific information, respectively. Extensive experimental results on various large-scale benchmarks demonstrate that our proposed SVP significantly outperforms state-of-the-art methods. Our code is available at https://github.com/zhoujiahuan1991/AAAI2025-SVP.

cs.CV↗

arXiv2024

Odyssey: Empowering Minecraft Agents with Open-World Skills

Recent studies have delved into constructing generalist agents for open-world environments like Minecraft. Despite the encouraging results, existing efforts mainly focus on solving basic programmatic tasks, e.g., material collection and tool-crafting following the Minecraft tech-tree, treating the ObtainDiamond task as the ultimate goal. This limitation stems from the narrowly defined set of actions available to agents, requiring them to learn effective long-horizon strategies from scratch. Consequently, discovering diverse gameplay opportunities in the open world becomes challenging. In this work, we introduce Odyssey, a new framework that empowers Large Language Model (LLM)-based agents with open-world skills to explore the vast Minecraft world. Odyssey comprises three key parts: (1) An interactive agent with an open-world skill library that consists of 40 primitive skills and 183 compositional skills. (2) A fine-tuned LLaMA-3 model trained on a large question-answering dataset with 390k+ instruction entries derived from the Minecraft Wiki. (3) A new agent capability benchmark includes the long-term planning task, the dynamic-immediate planning task, and the autonomous exploration task. Extensive experiments demonstrate that the proposed Odyssey framework can effectively evaluate different capabilities of LLM-based agents. All datasets, model weights, and code are publicly available to motivate future research on more advanced autonomous agent solutions.

cs.AI↗

arXiv2024

FinCon: A Synthesized LLM Multi-Agent System with Conceptual Verbal Reinforcement for Enhanced Financial Decision Making

Large language models (LLMs) have demonstrated notable potential in conducting complex tasks and are increasingly utilized in various financial applications. However, high-quality sequential financial investment decision-making remains challenging. These tasks require multiple interactions with a volatile environment for every decision, demanding sufficient intelligence to maximize returns and manage risks. Although LLMs have been used to develop agent systems that surpass human teams and yield impressive investment returns, opportunities to enhance multi-sourced information synthesis and optimize decision-making outcomes through timely experience refinement remain unexplored. Here, we introduce the FinCon, an LLM-based multi-agent framework with CONceptual verbal reinforcement tailored for diverse FINancial tasks. Inspired by effective real-world investment firm organizational structures, FinCon utilizes a manager-analyst communication hierarchy. This structure allows for synchronized cross-functional agent collaboration towards unified goals through natural language interactions and equips each agent with greater memory capacity than humans. Additionally, a risk-control component in FinCon enhances decision quality by episodically initiating a self-critiquing mechanism to update systematic investment beliefs. The conceptualized beliefs serve as verbal reinforcement for the future agent's behavior and can be selectively propagated to the appropriate node that requires knowledge updates. This feature significantly improves performance while reducing unnecessary peer-to-peer communication costs. Moreover, FinCon demonstrates strong generalization capabilities in various financial tasks, including single stock trading and portfolio management.

cs.CL↗