Polydoros Giannouris
Publications
Janus: A Benchmark for Goal-Conditioned Information Distortion in LLMs
LLM deception is often evaluated through direct markers such as fabricated claims, explicit lies, or strategic concealment. However, many real-world misleading communications do not depend on false statements, rather, they arise from selective treatment of true material facts: omitting adverse evidence, softening unfavorable details, emphasizing favorable details, or replacing precise qualifications with vague language. Existing benchmarks largely miss this subtler and arguably more dangerous failure mode. We introduce JANUS, a benchmark for measuring goal-conditioned pragmatic distortion in fact-grounded LLM outputs. Each scenario in our benchmark provides a fixed pool of favorable and adverse facts and compares a neutral condition against a goal-directed condition, such as increasing adoption, enrollment, approval, or support, despite potential harm to directly affected individuals or groups. Because all outputs are constrained to use the same fact pool, JANUS isolates misleading net impressions from hallucination and fabrication. JANUS contains 160 scenarios across 8 domains, with each scenario paired with neutral and goal-conditioned prompts and annotated material facts. Extensive experiments across 12 LLMs reveal consistent goal-conditioned distortions, demonstrating that current models remain sensitive to incentive and framing objectives and lack robust safeguards against selectively misleading communication. We publicly release our corpus and code for future research.
Herculean: An Agentic Benchmark for Financial Intelligence
As AI agents improve, the central question is no longer whether they can solve isolated well-defined financial tasks, but whether they can reliably carry out financial professional work. Existing financial benchmarks offer only a partial view of this ability, as they primarily evaluate static competencies such as question answering, retrieval, summarization, and classification. We introduce Herculean, the first skilled benchmark for agentic financial intelligence spanning four representative workflows, including Trading, Hedging, Market Insights, and Auditing. Each workflow is instantiated as a standardized MCP-based skill environment with its own tools, interaction dynamics, constraints, and success criteria, enabling consistent end-to-end assessment of heterogeneous agent systems. Across frontier agents, we find agents perform relatively well on Trading and Market Insights, but struggle substantially on Hedging and Auditing, where long-horizon coordination, state consistency, and structured verification are critical. Overall, our results point to a key gap in current agents in turning financial reasoning into dependable workflow execution in high-stakes financial workflows.
Moira: Language-driven Hierarchical Reinforcement Learning for Pair Trading
Many sequential decision-making problems exhibit hierarchical structure, where high-level semantic choices constrain downstream actions and feedback is delayed and ambiguous. Learning in such settings is challenging due to credit assignment: performance degradation may arise from flawed abstractions, suboptimal execution, or their interaction. We study this challenge through pair trading, a domain that naturally combines long-horizon semantic reasoning for asset pair selection with short-horizon execution under partial observability. We formulate pair trading as a hierarchical reinforcement learning problem and propose a language-driven optimization framework in which both high-level and low-level policies are parameterized by large language models (LLMs) and optimized exclusively through prompt updates. Our approach leverages pretrained LLMs as hierarchical policies and uses trajectory- and episode-level textual feedback to adapt abstractions and execution without gradient-based fine-tuning. By explicitly separating abstraction selection from execution, the framework reduces non-stationarity across hierarchical levels and enables targeted adaptation under delayed feedback. Experiments on real-world market data show consistent improvements over traditional and LLM-based baselines, demonstrating the effectiveness of language-driven hierarchical reinforcement learning.