Are Expert-Level Language Models Expert-Level Annotators?

Data annotation refers to the labeling or tagging of textual data with relevant information. A large body of works have reported positive results on leveraging LLMs as an alternative to human annotators. However, existing studies focus on classic NLP tasks, and the extent to which LLMs as data annotators perform in domains requiring expert knowledge remains underexplored. In this work, we investigate comprehensive approaches across three highly specialized domains and discuss practical suggestions from a cost-effectiveness perspective. To the best of our knowledge, we present the first systematic evaluation of LLMs as expert-level data annotators.

Co-Trained Retriever-Generator Framework for Question Generation in Earnings Calls

In diverse professional environments, ranging from academic conferences to corporate earnings calls, the ability to anticipate audience questions stands paramount. Traditional methods, which rely on manual assessment of an audience's background, interests, and subject knowledge, often fall short - particularly when facing large or heterogeneous groups, leading to imprecision and inefficiency. While NLP has made strides in text-based question generation, its primary focus remains on academic settings, leaving the intricate challenges of professional domains, especially earnings call conferences, underserved. Addressing this gap, our paper pioneers the multi-question generation (MQG) task specifically designed for earnings call contexts. Our methodology involves an exhaustive collection of earnings call transcripts and a novel annotation technique to classify potential questions. Furthermore, we introduce a retriever-enhanced strategy to extract relevant information. With a core aim of generating a spectrum of potential questions that analysts might pose, we derive these directly from earnings call content. Empirical evaluations underscore our approach's edge, revealing notable excellence in the accuracy, consistency, and perplexity of the questions generated.

"Why" Has the Least Side Effect on Model Editing

Training large language models (LLMs) from scratch is an expensive endeavor, particularly as world knowledge continually evolves. To maintain relevance and accuracy of LLMs, model editing has emerged as a pivotal research area. While these methods hold promise, they can also produce unintended side effects. Their underlying factors and causes remain largely unexplored. This paper delves into a critical factor-question type-by categorizing model editing questions. Our findings reveal that the extent of performance degradation varies significantly across different question types, providing new insights for experimental design in knowledge editing. Furthermore, we investigate whether insights from smaller models can be extrapolated to larger models. Our results indicate discrepancies in findings between models of different sizes, suggesting that insights from smaller models may not necessarily apply to larger models. Additionally, we examine the impact of batch size on side effects, discovering that increasing the batch size can mitigate performance drops.

Pre-Finetuning with Impact Duration Awareness for Stock Movement Prediction

Understanding the duration of news events' impact on the stock market is crucial for effective time-series forecasting, yet this facet is largely overlooked in current research. This paper addresses this research gap by introducing a novel dataset, the Impact Duration Estimation Dataset (IDED), specifically designed to estimate impact duration based on investor opinions. Our research establishes that pre-finetuning language models with IDED can enhance performance in text-based stock movement predictions. In addition, we juxtapose our proposed pre-finetuning task with sentiment analysis pre-finetuning, further affirming the significance of learning impact duration. Our findings highlight the promise of this novel research direction in stock movement prediction, offering a new avenue for financial forecasting. We also provide the IDED and pre-finetuned language models under the CC BY-NC-SA 4.0 license for academic use, fostering further exploration in this field.

Enhancing Investment Opinion Ranking through Argument-Based Sentiment Analysis

In the era of rapid Internet and social media platform development, individuals readily share their viewpoints online. The overwhelming quantity of these posts renders comprehensive analysis impractical. This necessitates an efficient recommendation system to filter and present significant, relevant opinions. Our research introduces a dual-pronged argument mining technique to improve recommendation system effectiveness, considering both professional and amateur investor perspectives. Our first strategy involves using the discrepancy between target and closing prices as an opinion indicator. The second strategy applies argument mining principles to score investors' opinions, subsequently ranking them by these scores. Experimental results confirm the effectiveness of our approach, demonstrating its ability to identify opinions with higher profit potential. Beyond profitability, our research extends to risk analysis, examining the relationship between recommended opinions and investor behaviors. This offers a holistic view of potential outcomes following the adoption of these recommended opinions.

Unveiling Selection Biases: Exploring Order and Token Sensitivity in Large Language Models

In this paper, we investigate the phenomena of "selection biases" in Large Language Models (LLMs), focusing on problems where models are tasked with choosing the optimal option from an ordered sequence. We delve into biases related to option order and token usage, which significantly impact LLMs' decision-making processes. We also quantify the impact of these biases through an extensive empirical analysis across multiple models and tasks. Furthermore, we propose mitigation strategies to enhance model performance. Our key contributions are threefold: 1) Precisely quantifying the influence of option order and token on LLMs, 2) Developing strategies to mitigate the impact of token and order sensitivity to enhance robustness, and 3) Offering a detailed analysis of sensitivity across models and tasks, which informs the creation of more stable and reliable LLM applications for selection problems.

Fidelity-Enriched Contrastive Search: Reconciling the Faithfulness-Diversity Trade-Off in Text Generation

In this paper, we address the hallucination problem commonly found in natural language generation tasks. Language models often generate fluent and convincing content but can lack consistency with the provided source, resulting in potential inaccuracies. We propose a new decoding method called Fidelity-Enriched Contrastive Search (FECS), which augments the contrastive search framework with context-aware regularization terms. FECS promotes tokens that are semantically similar to the provided source while penalizing repetitiveness in the generated text. We demonstrate its effectiveness across two tasks prone to hallucination: abstractive summarization and dialogue generation. Results show that FECS consistently enhances faithfulness across various language model sizes while maintaining output diversity comparable to well-performing decoding algorithms.

NumHG: A Dataset for Number-Focused Headline Generation

Headline generation, a key task in abstractive summarization, strives to condense a full-length article into a succinct, single line of text. Notably, while contemporary encoder-decoder models excel based on the ROUGE metric, they often falter when it comes to the precise generation of numerals in headlines. We identify the lack of datasets providing fine-grained annotations for accurate numeral generation as a major roadblock. To address this, we introduce a new dataset, the NumHG, and provide over 27,000 annotated numeral-rich news articles for detailed investigation. Further, we evaluate five well-performing models from previous headline generation tasks using human evaluation in terms of numerical accuracy, reasonableness, and readability. Our study reveals a need for improvement in numerical accuracy, demonstrating the potential of the NumHG dataset to drive progress in number-focused headline generation and stimulate further discussions in numeral-focused text generation.

Large Language Models Perform Diagnostic Reasoning

We explore the extension of chain-of-thought (CoT) prompting to medical reasoning for the task of automatic diagnosis. Motivated by doctors' underlying reasoning process, we present Diagnostic-Reasoning CoT (DR-CoT). Empirical results demonstrate that by simply prompting large language models trained only on general text corpus with two DR-CoT exemplars, the diagnostic accuracy improves by 15% comparing to standard prompting. Moreover, the gap reaches a pronounced 18% in out-domain settings. Our findings suggest expert-knowledge reasoning in large language models can be elicited through proper promptings.

Self-ICL: Zero-Shot In-Context Learning with Self-Generated Demonstrations

Large language models (LMs) have exhibited superior in-context learning (ICL) ability to adopt to target tasks by prompting with a few input-output demonstrations. Towards better ICL, different methods are proposed to select representative demonstrations from existing training corpora. However, such a setting is not aligned with real-world practices, as end-users usually query LMs without accesses to demonstration pools. Inspired by evidence suggesting LMs' zero-shot capabilities are underrated, and the role of demonstrations are primarily for exposing models' intrinsic functionalities, we introduce Self-ICL, a simple framework for zero-shot ICL. Given a test input, Self-ICL first prompts the model to generate pseudo-inputs. Next, the model predicts pseudo-labels for the pseudo-inputs via zero-shot prompting. Finally, we construct pseudo-demonstrations from pseudo-input-label pairs, and perform ICL for the test input. Evaluation on BIG-Bench Hard shows Self-ICL steadily surpasses zero-shot and zero-shot chain-of-thought baselines on head-to-head and all-task average performance. Our findings suggest the possibility to bootstrap LMs' intrinsic capabilities towards better zero-shot performance.