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Beyond Classification: Financial Reasoning in State-of-the-Art Language Models

2023-04-30 · Guijin Son, Hanearl Jung, Moonjeong Hahm, Keonju Na, Sol Jin

Large Language Models (LLMs), consisting of 100 billion or more parameters, have demonstrated remarkable ability in complex multi-step reasoning tasks. However, the application of such generic advancements has been limited to a few fields, such as clinical or legal, with the field of financial reasoning remaining largely unexplored. To the best of our knowledge, the ability of LLMs to solve financial reasoning problems has never been dealt with, and whether it can be performed at any scale remains unknown. To address this knowledge gap, this research presents a comprehensive investigation into the potential application of LLMs in the financial domain. The investigation includes a detailed exploration of a range of subjects, including task formulation, synthetic data generation, prompting methods, and evaluation capability. Furthermore, the study benchmarks various GPT variants with parameter scales ranging from 2.8B to 13B, with and without instruction tuning, on diverse dataset sizes. By analyzing the results, we reveal that the ability to generate coherent financial reasoning first emerges at 6B parameters, and continues to improve with better instruction-tuning or larger datasets. Additionally, the study provides a publicly accessible dataset named sFIOG (Synthetic-Financial Investment Opinion Generation), consisting of 11,802 synthetic investment thesis samples, to support further research in the field of financial reasoning. Overall, this research seeks to contribute to the understanding of the efficacy of language models in the field of finance, with a particular emphasis on their ability to engage in sophisticated reasoning and analysis within the context of investment decision-making.

📄 PDF Abstract BibTeX arXiv:2305.01505

Code (1)

guijinson/fiog 공식 구현

Tasks

Decision MakingSynthetic Data Generation

Methods 이 논문이 사용한 방법론

Multi-Head Attention 설명 없음
Attention 설명 없음
Cosine Annealing Cosine Annealing is a type of learning rate schedule that has the effect of starting with a large learning rate that is relatively rapidly decreased to a minimum value before…
Softmax The Softmax output function transforms a previous layer's output into a vector of probabilities. It is commonly used for multiclass classification. Given an input vector $x$…
Adam 설명 없음
Layer Normalization Unlike batch normalization, Layer Normalization directly estimates the normalization statistics from the summed inputs…
Linear Layer A Linear Layer is a projection $\mathbf{XW + b}$.
Dropout Dropout is a regularization technique for neural networks that drops a unit (along with connections) at training time with a specified probability $p$ (a common value is…

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