Yuhe Gao

Haitao Jiang, Lin Ge, Yuhe Gao et al.

Large Language Models (LLMs) have shown their success in language understanding and reasoning on general topics. However, their capability to perform inference based on user-specified structured data and knowledge in corpus-rare concepts, such as causal decision-making is still limited. In this work, we explore the possibility of fine-tuning an open-sourced LLM into LLM4Causal, which can identify the causal task, execute a corresponding function, and interpret its numerical results based on users' queries and the provided dataset. Meanwhile, we propose a data generation process for more controllable GPT prompting and present two instruction-tuning datasets: (1) Causal-Retrieval-Bench for causal problem identification and input parameter extraction for causal function calling and (2) Causal-Interpret-Bench for in-context causal interpretation. By conducting end-to-end evaluations and two ablation studies, we showed that LLM4Causal can deliver end-to-end solutions for causal problems and provide easy-to-understand answers, which significantly outperforms the baselines.

Yahui Bai, Yuhe Gao, Runzhe Wan et al.

In recent years, there has been a growing trend of applying Reinforcement Learning (RL) in financial applications. This approach has shown great potential to solve decision-making tasks in finance. In this survey, we present a comprehensive study of the applications of RL in finance and conduct a series of meta-analyses to investigate the common themes in the literature, such as the factors that most significantly affect RL's performance compared to traditional methods. Moreover, we identify challenges including explainability, Markov Decision Process (MDP) modeling, and robustness that hinder the broader utilization of RL in the financial industry and discuss recent advancements in overcoming these challenges. Finally, we propose future research directions, such as benchmarking, contextual RL, multi-agent RL, and model-based RL to address these challenges and to further enhance the implementation of RL in finance.