Behavioral Bias of Vision-Language Models: A Behavioral Finance View
Large Vision-Language Models (LVLMs) evolve rapidly as Large Language Models (LLMs) was equipped with vision modules to create more human-like models. However, we should carefully evaluate their applications in different domains, as they may possess undesired biases. Our work studies the potential behavioral biases of LVLMs from a behavioral finance perspective, an interdisciplinary subject that jointly considers finance and psychology. We propose an end-to-end framework, from data collection to new evaluation metrics, to assess LVLMs' reasoning capabilities and the dynamic behaviors manifested in two established human financial behavioral biases: recency bias and authority bias. Our evaluations find that recent open-source LVLMs such as LLaVA-NeXT, MobileVLM-V2, Mini-Gemini, MiniCPM-Llama3-V 2.5 and Phi-3-vision-128k suffer significantly from these two biases, while the proprietary model GPT-4o is negligibly impacted. Our observations highlight directions in which open-source models can improve. The code is available at https://github.com/mydcxiao/vlm_behavioral_fin.
Code (1)
Similar Papers 제목 키워드 기반
Behavioral Finance -- Asset Prices Predictability, Equity Premium Puzzle, Volatility Puzzle: The Rational Finance Approach
In this paper we address three main objections of behavioral finance to the theory of rational finance, considered as anomalies the theory of rational finance cannot explain: Predictability of asset returns, The Equity P…
Rational Finance Approach to Behavioral Option Pricing
When pricing options, there may be different views on the instantaneous mean return of the underlying price process. According to Black (1972), where there exist heterogeneous views on the instantaneous mean return, this…
Same Claim, Different Judgment: Benchmarking Scenario-Induced Bias in Multilingual Financial Misinformation Detection
Large language models (LLMs) have been widely applied across various domains of finance. Since their training data are largely derived from human-authored corpora, LLMs may inherit a range of human biases. Behavioral bia…
Synthesizing Behaviorally-Grounded Reasoning Chains: A Data-Generation Framework for Personal Finance LLMs
Personalized financial advice requires consideration of user goals, constraints, risk tolerance, and jurisdiction. Prior LLM work has focused on support systems for investors and financial planners. Simultaneously, numer…
Information Token Driven Machine Learning for Electronic Markets: Performance Effects in Behavioral Financial Big Data Analytics
Conjunct with the universal acceleration in information growth, financial services have been immersed in an evolution of information dynamics. It is not just the dramatic increase in volumes of data, but the speed, the c…
BIG-bench Machine LearningMath