Yankai Chen
Publications
Conv-FinRe: A Conversational and Longitudinal Benchmark for Utility-Grounded Financial Recommendation
Most recommendation benchmarks evaluate how well a model imitates user behavior. In financial advisory, however, observed actions can be noisy or short-sighted under market volatility and may conflict with a user's long-term goals. Treating what users chose as the sole ground truth, therefore, conflates behavioral imitation with decision quality. We introduce Conv-FinRe, a conversational and longitudinal benchmark for stock recommendation that evaluates LLMs beyond behavior matching. Given an onboarding interview, step-wise market context, and advisory dialogues, models must generate rankings over a fixed investment horizon. Crucially, Conv-FinRe provides multi-view references that distinguish descriptive behavior from normative utility grounded in investor-specific risk preferences, enabling diagnosis of whether an LLM follows rational analysis, mimics user noise, or is driven by market momentum. We build the benchmark from real market data and human decision trajectories, instantiate controlled advisory conversations, and evaluate a suite of state-of-the-art LLMs. Results reveal a persistent tension between rational decision quality and behavioral alignment: models that perform well on utility-based ranking often fail to match user choices, whereas behaviorally aligned models can overfit short-term noise. The dataset is publicly released on Hugging Face, and the codebase is available on GitHub.
Pedagogically-Inspired Data Synthesis for Language Model Knowledge Distillation
Knowledge distillation from Large Language Models (LLMs) to smaller models has emerged as a critical technique for deploying efficient AI systems. However, current methods for distillation via synthetic data lack pedagogical awareness, treating knowledge transfer as a one-off data synthesis and training task rather than a systematic learning process. In this paper, we propose a novel pedagogically-inspired framework for LLM knowledge distillation that draws from fundamental educational principles. Our approach introduces a three-stage pipeline -- Knowledge Identifier, Organizer, and Adapter (IOA) -- that systematically identifies knowledge deficiencies in student models, organizes knowledge delivery through progressive curricula, and adapts representations to match the cognitive capacity of student models. We integrate Bloom's Mastery Learning Principles and Vygotsky's Zone of Proximal Development to create a dynamic distillation process where student models approach teacher model's performance on prerequisite knowledge before advancing, and new knowledge is introduced with controlled, gradual difficulty increments. Extensive experiments using LLaMA-3.1/3.2 and Qwen2.5 as student models demonstrate that IOA achieves significant improvements over baseline distillation methods, with student models retaining 94.7% of teacher performance on DollyEval while using less than 1/10th of the parameters. Our framework particularly excels in complex reasoning tasks, showing 19.2% improvement on MATH and 22.3% on HumanEval compared with state-of-the-art baselines.
Rethinking Memory Mechanisms of Foundation Agents in the Second Half: A Survey
The research of artificial intelligence is undergoing a paradigm shift from prioritizing model innovations over benchmark scores towards emphasizing problem definition and rigorous real-world evaluation. As the field enters the "second half," the central challenge becomes real utility in long-horizon, dynamic, and user-dependent environments, where agents face context explosion and must continuously accumulate, manage, and selectively reuse large volumes of information across extended interactions. Memory, with hundreds of papers released this year, therefore emerges as the critical solution to fill the utility gap. In this survey, we provide a unified view of foundation agent memory along three dimensions: memory substrate (internal and external), cognitive mechanism (episodic, semantic, sensory, working, and procedural), and memory subject (agent- and user-centric). We then analyze how memory is instantiated and operated under different agent topologies and highlight learning policies over memory operations. Finally, we review evaluation benchmarks and metrics for assessing memory utility, and outline various open challenges and future directions.