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q-fin.GN

q-fin.GN: explore 8 source-linked works published from 2026 to 2026, with original documents and citations.

This collection is a preview while coverage and quality are evaluated.

Coverage and selection

Includes records with this source-supplied label or an explicit phrase match in their metadata. Matches indicate a mention, not proof that a paper uses a method or tests a material. Source versions are consolidated by DOI.

Sources: arxiv. Collection updated 2026-09-16. Counts describe this index, not the complete source archives.

arXiv2026

AI for AI: Optimizing Additional Infrastructure Build-out to Power Artificial Intelligence Data Centers

The twenty-first century's transformative technology, artificial intelligence, is increasingly constrained by the twentieth century's transformative technology, the electricity grid. Rapid growth in electricity demand from data centers is leading to higher electricity prices, without a compensating supply-side response. We develop a framework linking data-center load growth, available generation capacity, and market-clearing prices to understand this phenomenon. We first analyze a deterministic model to show how differing estimates of demand and supply growth rates affect prices. We then model the expansion of new data centers and their associated electricity demand, together with build-outs of new electricity supply, as stochastic processes,resulting in probabilistic distributions of supply, demand, and prices rather than a single forecast. Finally, we formulate generation expansion as a stochastic control problem in which a revenue-maximizing investor dynamically chooses the intensity of supply-side investments. The analysis highlights a central challenge of the data-center build-out: even when rapid demand growth increases the need for new generation, the uncertainties related to load forecasts, development execution risks, and value cannibalization from overbuilding capacity may weaken incentives to invest at the pace required to keep electricity prices stable.

q-fin.GN↗

arXiv2026

Fund2Persona: A Framework for Building and Refining Financial Advisor Personas from Fund Disclosure Data

Demand for personalized financial advice is growing, yet current LLM-based advisors often fail to provide consistent and specialized guidance. Simple persona prompts rarely specify how a financial advisor should reason and often drift toward generic recommendations. We propose Fund2Persona, a framework that builds financial-advisor personas from real-world fund disclosures and refines them through an actor-scorer-patcher loop. We test whether the resulting personas can predict held-out portfolio changes and produce commentary consistent with fund managers' own explanations. They outperform generic baselines on both tasks. We further study two downstream diagnostics: market-scenario generation, where persona retrieval broadens plausible investment views, and multi-turn investor-advisor conversations, where matched personas give more specific and useful advice than a generic advisor. These results suggest that real fund data can bring manager-specific investment expertise to LLM advisors rather than merely changing an LLM's surface style.

cs.CL↗

arXiv2026

Adaptive Entangled Game Modules in Artificial General Intelligence

We introduce a probability-wave framework for modeling the collective behavior of interacting adaptive agents, deriving testable eigenmodes through a generalized behavioral intelligence (GBI) nonlocal probability-wave equation. This framework captures a broad range of human intelligence behaviors with analytical mechanisms and offers an indirect method to examine the Liu-Chen-Ao (LCA) hypothesis of nonlocal entangled nerve fibers in the brain through collective trader behaviors. Our empirical analysis of Chinese intraday stock market data demonstrates that adaptive entangled game modes explain 82-94% (89% overall) of observed decision patterns, a sharp contrast to the predictions of neoclassical finance based on independent rational agents. Moreover, 2-12% of behaviors show adaption to intraday news, events, and environments, characterized by dual equilibrium states and abrupt reference point shifts, while purely independent modes occur in less than 5% of cases. These findings empirically support the LCA hypothesis, as observable trading behaviors reflect underlying brain mechanisms and internal intelligence decision-making in behavioral psychology. Our results highlight the necessity of incorporating adaptive entangled game modules into artificial general intelligence (AGI) architectures, addressing the limitations of conventional artificial neural network (ANN)-based AI, which relies on trillions of opaque parameters. By integrating ANN-based AI with probability-wave-based entangled-brain simulations, machine learning can enrich AGI foundation models (FMs) and facilitate the development of human-like processing units (HPUs) that leverage brain-inspired mechanisms. Such HPUs may ultimately create more compact, efficient, and robust AGI systems, particularly for embodied intelligence and robotics.

cs.AI↗

arXiv2026

Machine Learning Classification and Portfolio Construction: Does the Loss Function Matter?

Classification outperforms regression across matched machine learning models in portfolio construction. A stacking ensemble of gradient boosted trees, random forest, and neural network yields a value-weighted annualized Sharpe ratio of 2.08 for classification and 1.39 for regression. This outperformance strengthens with class granularity and persists across subsamples and after transaction costs. Spanning tests show that classification retains economically large alphas after we control for regression, whereas regression alphas shrink substantially once we control for classification. These results indicate that classification extracts more return information than matched regression. Our diagnostics trace classification's advantage to more precise separation of return deciles.

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arXiv2026

Enhancing Financial Question Answering: A Novel Benchmark Dataset of Banks' financial statements

The comparative analysis of banks' financial statements poses significant challenges for automated question answering systems due to their complexity, substantial length, technical language, and inhomogeneity of both textual and numerical content across different jurisdictions and institutions. We introduce FinRAG-QA, a novel benchmark dataset for financial question answering, which comprises 999 practitioner-curated questions on 10 standardised indicators, grounded in 209 annual and Pillar 3 reports from 24 major European and U.S. banks spanning 2019-2023. Unlike prior financial QA benchmarks, which centre on U.S. filings and single-institution analysis, FinRAG-QA targets cross-institutional retrieval over documents averaging 198k words, longer than any existing financial QA resource. On this benchmark we evaluate a multi-stage RAG pipeline and isolate the contribution of each component. Contextual chunk enrichment combined with a retrieval-optimised embedding model raises NDCG@10 from 0.322 to 0.710; conditional on the ground truth being retrieved, a reasoning-optimised generator raises answer accuracy from 44.6% to 79.0% (+34.4 percentage points), at roughly 20x the generation latency. We further show that cross-encoder reranking degrades retrieval when the first-stage ranking is already strong, and that a single top-ranked chunk outperforms larger contexts at generation time. Experiments were run in late 2024-early 2025 with the models available at that time.

cs.CL↗

arXiv2026

Tempting the Agent: The Economics of Reputation without Persistent Identity in AI Agent Markets

Reputation is a fundamental mechanism through which markets sustain trust when service quality cannot be perfectly assessed ex ante, constituting a form of intertemporal economic capital by attracting future demand. Its effectiveness as a disciplinary mechanism depends not only on past interactions but also on the persistence of the identity to which reputation is attached. When identities can be abandoned and recreated cheaply, reputational capital may itself become an object of opportunistic exploitation. This paper develops a dynamic economic framework to study when reputation is sufficient to discipline autonomous agents. We model reputation as capital attracting future economic activity. At each point, an agent chooses between operating honestly, investing in quality to preserve future gains, or executing a one-shot deviation to extract its reputation's value and restart from a penalized identity. Our analysis relates the temptation to opportunistic behavior to identity-reset costs, reputation persistence, demand sensitivity, and enforcement design, deriving comparative statics on optimal quality provision. Autonomous AI-agent operating on the blockchain are a relevant application: infrastructures such as ERC-8004, ERC-8183, and x402 combine reputation, identity, and payments in permissionless markets. Nonetheless, our framework applies to any environment where reputation generates future business and identities are replaceable.

q-fin.GN↗

arXiv2026

Authority-Inference Separation in Agentic Finance: First-Line Control, Blockchain Enforcement, and Replayable Assurance

AI agents can select tools, counterparties, and transaction parameters, yet inference should not itself confer authority to execute a financial action. This study develops and evaluates Authority-Inference Separation (AIS), an intent-centered architecture for bounded agentic finance. AIS treats a financial action intent as the control object: a machine-generated proposal can receive temporary executable authority only after an independent deterministic control plane validates registered agent identity, accountable ownership, mandate and risk-appetite lineage, policy version, state, approvals, and exact economic semantics. Blockchain can then enforce the operational representation of granted authority and record portable settlement evidence, while institutional legitimacy, service delivery, accounting classification, and human accountability remain off-chain obligations. Evaluation combines four-domain instantiation, official BIS and MAS cases, a 48-fixture executable prototype, and a public-ledger observability test. Across 36 synthetic authorization attacks, a direct-agent baseline accepted 36 attack effects, a prompt-policy baseline accepted 20, and AIS accepted none; all three accepted 8/8 admissible fixtures. AIS also rejected 4/4 token replays and 8/8 recipient or rail substitutions, withheld completion in 4/4 service-delivery failures, and populated all 13 defined evidence fields. A test of 1,700 recent Base transactions associated with public x402 facilitator addresses shows that public ledgers can evidence settlement and selected authorization parameters but cannot establish institutional mandate, legal accountability, service delivery, or accounting treatment. AIS and blockchain are therefore complementary: AIS decides whether a specific intent may act, while blockchain can make granted authority bounded, executable, and independently observable.

q-fin.GN↗

arXiv2026

DisclosureBeta: A Measurement-Channel Theory for Regime-Conditioned Betas from LLM-Read Risk Disclosures

The problem is the beta a desk needs when a firm's price history is too short to trust: an S-1 filer, a recent listing, or a name just past a regime break. The state of the art collapses to a comparable-firm peer beta with no error budget, and the recent text-based competitor Breitung (2025) reports strong empirical IPO accuracy but no identification theory, no error budget, and no lower bound. We fill that gap. We model a large language model as a noisy measurement channel on a firm's latent risk characteristics and write its channel noise into the asset-pricing error budget. In a piecewise-stationary Fama-French five-factor model the loadings are a function of latent risk characteristics and an inferred regime. We prove identification and consistency of the regime-conditional loading function under explicit assumptions on the channel, the detector, and within-regime sampling, and give a matching lower bound showing that the disclosure-noise and detector-misclassification terms are unavoidable for any estimator that observes only returns, factors, LLM features, and a regime estimate. A disclosure-incentive corollary makes estimation precision monotone in a firm-level disclosure-incentive measure (DIM). An adaptive convex combination of the text-based and rolling-window estimators is never worse than either component and shifts its weight toward text exactly when price history is short, stale, or straddles a detected regime break. The empirical evaluation on a frozen, pre-registered panel of price-history-thin firms is forthcoming; this preprint records the theory and the pre-registered design so priority is established independently of the empirical outcome.

q-fin.RM↗

Compare source metadata on this page

Work	Published	Source identifier	Source
AI for AI: Optimizing Additional Infrastructure Build-out to Power Artificial Intelligence Data Centers	2026-09-08	2609.08166	arxiv
Fund2Persona: A Framework for Building and Refining Financial Advisor Personas from Fund Disclosure Data	2026-09-07	2606.29793	arxiv
Adaptive Entangled Game Modules in Artificial General Intelligence	2026-09-07	2609.09226	arxiv
Machine Learning Classification and Portfolio Construction: Does the Loss Function Matter?	2026-09-15	2108.02283	arxiv
Enhancing Financial Question Answering: A Novel Benchmark Dataset of Banks' financial statements	2026-09-03	2609.03654	arxiv
Tempting the Agent: The Economics of Reputation without Persistent Identity in AI Agent Markets	2026-09-02	2609.02992	arxiv
Authority-Inference Separation in Agentic Finance: First-Line Control, Blockchain Enforcement, and Replayable Assurance	2026-08-31	2608.30519	arxiv
DisclosureBeta: A Measurement-Channel Theory for Regime-Conditioned Betas from LLM-Read Risk Disclosures	2026-07-05	2609.02900	arxiv

These are bibliographic comparisons, not experimental rankings. Follow the original document for methods and conditions.