Yi Liu
Publications
How Do Answer Tokens Read Reasoning Traces? Self-Reading Patterns in Thinking LLMs for Quantitative Reasoning
Thinking LLMs produce reasoning traces before answering. Prior activation steering work mainly targets on shaping these traces. It remains less understood how answer tokens actually read and integrate the reasoning to produce reliable outcomes. Focusing on quantitative reasoning, we analyze the answer-to-reasoning attention and observe a benign self-reading pattern aligned with correctness, characterized by a forward drift of the reading focus along the reasoning trace and a persistent concentration on key semantic anchors, whereas incorrect solutions exhibit diffuse and irregular attention pattern. We interpret this as internal certainty during answer decoding, where the model commits to a viable solution branch and integrates key evidence. Following this, we propose a training-free steering method driven by Self-Reading Quality (SRQ) scores combining geometric metrics for process control with semantic metrics for content monitoring. SRQ selects data to build steering vectors that guide inference toward benign self-reading and away from uncertain and disorganized reading. Experiments show that our method yields consistent accuracy gains.
BankerToolBench: Evaluating AI Agents in End-to-End Investment Banking Workflows
Existing AI benchmarks lack the fidelity to assess economically meaningful progress on professional workflows. To evaluate frontier AI agents in a high-value, labor-intensive profession, we introduce BankerToolBench (BTB): an open-source benchmark of end-to-end analytical workflows routinely performed by junior investment bankers. To develop an ecologically valid benchmark grounded in representative work environments, we collaborated with 502 investment bankers from leading firms. BTB requires agents to execute senior banker requests by navigating data rooms, using industry tools (market data platform, SEC filings database), and generating multi-file deliverables--including Excel financial models, PowerPoint pitch decks, and PDF/Word reports. Completing a BTB task takes bankers up to 21 hours, underscoring the economic stakes of successfully delegating this work to AI. BTB enables automated evaluation of any LLM or agent, scoring deliverables against 100+ rubric criteria defined by veteran investment bankers to capture stakeholder utility. Testing 9 frontier models, we find that even the best-performing model (GPT-5.4) fails nearly half of the rubric criteria and bankers rate 0% of its outputs as client-ready. Our failure analysis reveals key obstacles (such as breakdowns in cross-artifact consistency) and improvement directions for agentic AI in high-stakes professional workflows.