Hang Yu

Juncheng Wu, Sheng Liu, Haoqin Tu et al.

Recent advances in reasoning-enhanced Large Language Models such as OpenAI-o1/3 and DeepSeek-R1 have significantly improved performance on complex tasks. However, the quality and transparency of their internal reasoning processes remain underexplored. This work moves beyond the final-answer accuracy and investigates step-by-step reasoning in the medical and mathematical domains by explicitly decomposing the thinking trajectories into two parts: knowledge and reasoning. Specifically, we introduce a fine-grained evaluation framework that judges: (1) the correctness of knowledge used (measured by Knowledge Index (KI)) and (2) the quality of reasoning (measured by Information Gain (InfoGain)). Using this framework, we study R1-distilled and base Qwen models trained with supervised fine-tuning (SFT) and/or reinforcement learning (RL) in the medical and math domains. Three intriguing findings emerge: (1) The general reasoning abilities in R1-distilled models do not transfer effectively to the medical domain through either SFT or RL. (2) SFT raises final-answer accuracy in both domains, but often at the cost of reasoning quality: InfoGain drops by 38.9% on average compared with untrained models; In the medical domain, however, SFT remains crucial because domain knowledge is indispensable. (3) RL enhances medical reasoning by pruning inaccurate or irrelevant knowledge from reasoning paths, thereby improving both reasoning accuracy and knowledge correctness.

Yanlong Wang, Jian Xu, Fei Ma et al.

Financial time series forecasting is both highly significant and challenging. Previous approaches typically standardized time series data before feeding it into forecasting models, but this encoding process inherently leads to a loss of important information. Moreover, past time series models generally require fixed numbers of variables or lookback window lengths, which further limits the scalability of time series forecasting. Besides, the interpretability and the uncertainty in forecasting remain areas requiring further research, as these factors directly impact the reliability and practical value of predictions. To address these issues, we first construct a diverse financial image-text dataset (FVLDB) and develop the Uncertainty-adjusted Group Relative Policy Optimization (UARPO) method to enable the model not only output predictions but also analyze the uncertainty of those predictions. We then proposed FinZero, a multimodal pre-trained model finetuned by UARPO to perform reasoning, prediction, and analytical understanding on the FVLDB financial time series. Extensive experiments validate that FinZero exhibits strong adaptability and scalability. After fine-tuning with UARPO, FinZero achieves an approximate 13.48\% improvement in prediction accuracy over GPT-4o in the high-confidence group, demonstrating the effectiveness of reinforcement learning fine-tuning in multimodal large model, including in financial time series forecasting tasks.