Yuyang Dai
Publications
Rescaling Confidence: What Scale Design Reveals About LLM Metacognition
Verbalized confidence, in which LLMs report a numerical certainty score, is widely used to estimate uncertainty in black-box settings, yet the confidence scale itself (typically 0--100) is rarely examined. We show that this design choice is not neutral. Across six LLMs and three datasets, verbalized confidence is heavily discretized, with more than 78% of responses concentrating on just three round-number values. To investigate this phenomenon, we systematically manipulate confidence scales along three dimensions: granularity, boundary placement, and range regularity, and evaluate metacognitive sensitivity using meta-d'. We find that a 0--20 scale consistently improves metacognitive efficiency over the standard 0--100 format, while boundary compression degrades performance and round-number preferences persist even under irregular ranges. These results demonstrate that confidence scale design directly affects the quality of verbalized uncertainty and should be treated as a first-class experimental variable in LLM evaluation.
The CLEF-2026 FinMMEval Lab: Multilingual and Multimodal Evaluation of Financial AI Systems
We present the setup and the tasks of the FinMMEval Lab at CLEF 2026, which introduces the first multilingual and multimodal evaluation framework for financial Large Language Models (LLMs). While recent advances in financial natural language processing have enabled automated analysis of market reports, regulatory documents, and investor communications, existing benchmarks remain largely monolingual, text-only, and limited to narrow subtasks. FinMMEval 2026 addresses this gap by offering three interconnected tasks that span financial understanding, reasoning, and decision-making: Financial Exam Question Answering, Multilingual Financial Question Answering (PolyFiQA), and Financial Decision Making. Together, these tasks provide a comprehensive evaluation suite that measures models' ability to reason, generalize, and act across diverse languages and modalities. The lab aims to promote the development of robust, transparent, and globally inclusive financial AI systems, with datasets and evaluation resources publicly released to support reproducible research.
RealFin: How Well Do LLMs Reason About Finance When Users Leave Things Unsaid?
Reliable financial reasoning requires knowing not only how to answer, but also when an answer cannot be justified. In real financial practice, problems often rely on implicit assumptions that are taken for granted rather than stated explicitly, causing problems to appear solvable while lacking enough information for a definite answer. We introduce REALFIN, a bilingual benchmark that evaluates financial reasoning by systematically removing essential premises from exam-style questions while keeping them linguistically plausible. Based on this, we evaluate models under three formulations that test answering, recognizing missing information, and rejecting unjustified options, and find consistent performance drops when key conditions are absent. General-purpose models tend to over-commit and guess, while most finance-specialized models fail to clearly identify missing premises. These results highlight a critical gap in current evaluations and show that reliable financial models must know when a question should not be answered.