Sentiment
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WARP: Wasserstein-Aligned RAG for Population Opinions
2026-08-24 06:41:23Aman Singh Thakur, Aditya Agrawal, Alwarappan Nakkiran, Alex KarlssonAbstract
RAG systems are increasingly used to summarize what large collections of documents say. A user asks "What do people think about X?" and receives an answer that reads as consensus. But standard top-k retrieval ranks documents by query similarity, not by how faithfully they represent the population, so minority views quietly disappear. Existing fixes fall short. Diversity re-rankers like MMR and DPP spread retrieved documents apart, but with no target distribution to aim for. Calibration methods based on KL or JS divergence do target one, yet treat opinion bins as unordered: confusing strong positive with strong negative costs no more than an adjacent-bin miss. We introduce WARP, a family of post-retrieval algorithms that calibrate retrieved evidence to the population's opinion distribution. WARP first recovers underrepresented opinions that cosine ranking may bury, then uses Wasserstein-1 distance to select documents whose sentiment-intensity distribution matches the population target, capturing the ordinal structure ignored by KL and JS divergence. We develop three variants for dense, sparse, and variable candidate pools, trading off calibration quality and speed. Across three review domains spanning 35K documents, 156 queries, and 26 entities, WARP's domain-matched variants reduce distributional error by at least 43% with sub-second latency. These gains carry through to generation: a five-judge LLM panel prefers WARP-generated answers in 86% of decided comparisons at k <= 5.
Abstract (translated)
URL
https://arxiv.org/abs/2608.22859
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From Sentiment Classification to Actionable and Responsible Feedback: A Scoping Review and Evidence Map of NLP in Student Evaluation of Teaching, 2015-2026
2026-08-23 23:52:17Jeff Eicher, Rafael da SilvaAbstract
Natural language processing (NLP) applied to open-ended teaching-evaluation comments (Student Evaluation of Teaching, SET) has tracked the field's technical evolution--from lexicons and conventional classifiers to transformers and large language models (LLMs)--but it is not evident that this technical diversification has been accompanied by corresponding gains in educational value and robustness of the evidence. This scoping review (PRISMA-ScR) maps 421 studies (2015-2026, 2026 partial) along a technical axis (RQ1) and four value dimensions (RQ2-RQ5). Dual mutually blinded LLM screening with sampled human adjudication coded seven extraction domains, with targeted codebook-boundary review at synthesis. The joint map's sharpest quantified gap is the actionability discontinuity: demonstrated output or stronger (A2+: 258/421; 61.3%) versus intended-user evaluation or stronger (A3+: 49/421; 11.6%), a 49.7 percentage-point drop. Sentiment analysis remains the modal task (300/421); diagnostic and generative depth is a substantial minority (D4-D5: 28.2% of resolved cases); a formal fairness metric is rare (1.9%). The findings are descriptive and do not support causal claims of progress: technological coexistence and uneven reporting are part of the map, but the A2+ to A3+ cliff is the contribution, not a quality ladder.
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URL
https://arxiv.org/abs/2609.27939
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Aggregation-Aware Synthetic Text Generation Against Authorship Re-Identification
2026-08-23 01:26:07Qian Ma, Anna Squicciarini, Sarah RajtmajerAbstract
Online users often release multiple texts under the same identity, giving attackers an author profile that can reveal more than any single text. Existing authorship obfuscation methods optimize privacy independently for each document, leaving them blind to cross-document correlations that make aggregation dangerous. We propose Aggregation-Aware Synthetic Text Generation (AAST), a framework that addresses this gap by jointly selecting synthetic texts at the bundle level rather than optimizing each text in isolation. AAST targets attribution and verification attacks, including cross-genre settings where attacker references come from a genre not observed during generation or selection. Experiments across same-genre, cross-genre, neural, and independent non-neural stylometric attacks show that AAST lowers account-level linkability as bundle size grows, while preserving semantic quality, linguistic acceptability, and sentiment alignment.
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URL
https://arxiv.org/abs/2608.22161
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STAR-OPD: Structured Aspect-Cascade-Aware On-Policy Reward Distillation for ABSA Quadruple Extraction
2026-08-21 07:50:00Tong Sun, Mingyang Ma, Jiayang YuAbstract
Aspect-based sentiment analysis (ABSA) quadruple extraction requires jointly predicting target, aspect, opinion, and sentiment over reviews that often contain multiple fine-grained sentiment tuples. While large chain-of-thought (CoT) models perform well on this task, distilling them into smaller deployable models remains difficult. We identify a task-specific failure mode in distilled ABSA extraction: student errors at the target-aspect interface create structurally invalid states, such as broken target-aspect bindings and hallucinated targets, which then corrupt downstream predictions. Conventional off-policy distillation is poorly suited to this setting because it trains only on teacher-generated trajectories and provides little supervision on the student-induced structural states that dominate inference. To address this mismatch, we propose STAR-OPD (STructured Aspect-cascade-aware On-Policy Reward Distillation), which builds on generic on-policy distillation and instantiates it for ABSA quadruple extraction with cascade-aware, set-structured rewards. STAR-OPD trains on student rollouts and applies set-structured rewards that directly target binding consistency, target grounding, and fine-grained aspect disambiguation. Experiments on E-ABSA20K and SemEval-2014 show that STAR-OPD consistently outperforms off-policy and general on-policy baselines, reduces target hallucination, and substantially improves performance on structurally hard cases. With Qwen3-4B, STAR-OPD substantially narrows the student-teacher gap while improving inference efficiency, highlighting the importance of on-policy structural correction for distilled ABSA extraction.
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URL
https://arxiv.org/abs/2608.20831
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Contrastive Mixed Prompt Learning for Incomplete Multimodal Sentiment Analysis with Unseen Modality Combination
2026-08-20 13:29:49Kaixin Xu, NaiJin Liu, Yulin Kang, Tangyue Jin, Zixuan Yu, Wenxi Zhao, Yibei Liu, Qianle Zhang, Yangyang Wu, Mengying Zhu, Meng XiAbstract
Incomplete multimodal sentiment analysis has garnered significant attention in recent years. Existing approaches typically assume that data is missing at random or are designed specifically for certain missing patterns, ignoring the modality combination inconsistency between training and testing phases. However, in real-world scenarios, the testing phase often encounters modal combinations that were not present during the training phase, which leads to insufficient generalization capabilities and unstable performance. In this paper, we introduce the problem of Incomplete Multimodal Sentiment Analysis with Unseen Modality Combinations (IMSAUMC), aiming to enhance model generalization for unseen modality combinations. To address this challenge, we propose the model named $\textbf{C}$ontrastive $\textbf{M}$ixed $\textbf{P}$rompt $\textbf{L}$earning ($\textsf{CMPL}$) for IMSAUMC. It introduces a label-guided contrastive feature learning mechanism to learn robust and discriminative cross-modal representations. Additionally, we design modality-combination prompts with a soft router to facilitate better learning of various modality combinations. Furthermore, we introduce three prompt contrastive learning strategies, which enable effective learning of prompts corresponding to unseen modality combinations, thereby significantly strengthening the model's generalization capabilities in diverse testing scenarios. Extensive experiments on three widely used datasets demonstrate that $\textsf{CMPL}$ achieves more than a 5% improvement in accuracy compared to state-of-the-art approaches.
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URL
https://arxiv.org/abs/2608.20019
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Robust Incomplete Multimodal Sentiment Analysis via Iterative Proxy Correction
2026-08-20 12:45:38Zhifa Geng, Subin Huang, Hao Guo, Junjie Chen, Sanmin Liu, Chao KongAbstract
Multimodal sentiment analysis aims to infer affective states by integrating language, visual, and acoustic cues. However, real-world multimodal inputs are often incomplete or corrupted, which can weaken cross-modal complementarity and introduce misleading information into downstream fusion. Existing proxy-based methods for incomplete MSA commonly rely on one-shot proxy construction to compensate for degraded language information, but the generated proxy may be coarse or unreliable at initialization. Prematurely injecting such a proxy into multimodal reasoning can propagate initial errors and compromise sentiment prediction. To address this limitation, we propose an iterative proxy correction framework for robust incomplete MSA. Our method constructs a language-oriented proxy from non-language modalities and progressively refines it under multimodal context through gated residual correction. The corrected proxy is then adaptively fused with the observed language representation according to an estimated language reliability score, allowing the model to balance proxy-based compensation and trustworthy linguistic evidence. In addition, we introduce a stage-wise latent correction objective that uses the complete language representation as a training-time semantic anchor to stabilize the proxy refinement trajectory. Extensive experiments on MOSI, MOSEI, and SIMS under diverse missing-modality settings demonstrate that the proposed framework consistently outperforms competitive baselines and achieves robust sentiment prediction under incomplete inputs.
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URL
https://arxiv.org/abs/2608.19971
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Sounds Uncertain: Exploring the Affective Aspects of Sonification for Uncertainty Visualization
2026-08-19 08:31:09Marcel-Simon Dutt, Sita A. Vriend, Elias Elmquist, Daniel WeiskopfAbstract
Affective visualization can influence how users perceive, interpret, and engage with data by embedding and conveying emotion through visual design. While sound is widely used in media to evoke emotions, little is known about how sonification can support affective visualization. In this work, we investigate how sonification can communicate emotion in uncertainty visualizations through a co-design study. Participants created two sonifications to accompany a visualization: one conveying the affective component of uncertainty and one conveying neutrality. Our findings show that uncertainty was commonly associated with wavy auditory qualities related to an ominous sentiment. On the other hand, neutrality was associated with clear and relaxing auditory qualities. These results provide insights for the design of visualizations that integrate sonification to communicate the affective component of uncertainty.
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URL
https://arxiv.org/abs/2608.18680
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SpeechSense: A Paralinguistic-Focused Dataset for Fine-Grained Speech Sentiment Analysis
2026-08-18 15:51:27Shicheng Ma, Wenqian Cui, Irwin KingAbstract
Recent advances in AI have revolutionized speech processing, yet effective speech understanding requires discerning not just what is said, but how it is said. Speech Sentiment Analysis plays a critical role in decoding these paralinguistic cues for diverse real-world applications such as recruitment and customer service. However, existing Speech Sentiment Analysis research faces two primary limitations. First, dominant approaches rely on text-centric pipelines that cascade Automatic Speech Recognition with text analysis. This process inevitably discards essential acoustic features like prosody and tone, failing to capture attitudinal meanings in acoustically ambiguous utterances. Second, current benchmarks suffer from a mismatch in label granularity, prioritizing basic emotions (e.g., happy, sad) over the nuanced interpersonal stances (e.g., confident, impatient) necessary for social sensitivity. To address these limitations, we propose a novel dataset, SpeechSense, for fine-grained speech sentiment analysis. Specifically, we define a specialized 8-class taxonomy of interpersonal stances detectable primarily through prosodic cues beyond lexical content alone. We then construct a curated dataset based on this taxonomy, built from high-fidelity speech synthesis and rigorous human validation. Comprehensive experiments across multi-modal LLMs, text-only LLMs, and speech encoders demonstrate that models with acoustic access consistently outperform text-only baselines. These results empirically validate the primacy of acoustic cues in detecting subtle speaker attitudes, highlighting the necessity of SpeechSense. Dataset and supplementary materials are available at this https URL.
Abstract (translated)
URL
https://arxiv.org/abs/2608.17931
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From Entity Mentions to Tone: An LLM-Based Pipeline for Media Bias Analysis
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This paper presents a pipeline for analyzing media bias and framing in online news. The pipeline groups articles into topics and events, adds named-entity and sentiment annotations, and compares news sources through people mentions, source-level tone, and event-level coverage patterns. We apply it to 8,358 Albanian news articles collected from GDELT and compare the resulting annotations with GDELT's automated annotations. The results show moderate agreement for sentiment and entity extraction, as well as additional person-entity pairs that can potentially support the bias analysis. We compare two annotation prompts and find that stricter sentiment-validation rules remove label-score inconsistencies but increase execution time and reduce annotation coverage. Based on these results, the simpler prompt is used for the rest of the analysis. We have provided sample analysis on source-level framing pro les, person-level tone differences across sources, and event-level gatekeeping and coverage indicators. These outputs show how the same news collection can be used to examine what sources cover, how they describe public figures, and where coverage is concentrated. The approach is particularly useful in settings where manually verified datasets or specialized language tools are limited.
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URL
https://arxiv.org/abs/2608.17454
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MoFE: A Novel Mixture-of-Experts Framework with Fourier Neural Operators for Cryptocurrency Forecasting
2026-08-18 04:00:16Bowen Liu, Mingming SunAbstract
Forecasting cryptocurrency prices remains a formidable challenge due to inherent non-stationarity, abrupt regime shifts, and multi-scale stochastic dependencies. Conventional deep learning models often struggle to capture complex underlying dynamics, frequently resulting in persistent phase-lagged predictions. To address these limitations, we propose MoFE, a novel deep learning framework that integrates Fourier Neural Operators (FNOs) within a Mixture-of-Experts (MoE) architecture. Rooted in the theoretical framework of stochastic differential equations, MoFE conceptualizes cryptocurrency volatility as a superposition of multi-frequency components, which includes user network based fundamental growth, mining costs and halving mechanism caused seasonal volatility, and market sentiment-induced chaos. Specifically, specialized adaptive FNO (AFNO) and Convolution dual-domain experts learn continuous function-to-function mappings to encapsulate global spectral trends, cyclical adjustments and microstructures, while a dynamic gating based MoE mechanism enables adaptive strategy switching across diverse market regimes. Extensive experiments on Bitcoin datasets spanning January 2020 to December 2025 demonstrate that MoFE achieves state-of-the-art (SOTA) performance in both T+1 and T+5 forecasting horizons. Notably, the model effectively mitigates the phase-lag effect, delivering superior Directional Accuracy (DA) and Information Coefficient (IC). In high-fidelity simulated trading environments, these predictive gains transfer into significant excess returns and robust risk-adjusted performance, characterized by a high Sharpe ratio.
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URL
https://arxiv.org/abs/2608.17342
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Benchmarking Identity-Sensitive LLM Outputs for Surveillance and Security Robots
2026-08-17 02:51:43Nneka Hyman, Jasmine Khan, Raj KorpanAbstract
Large language models (LLMs) are increasingly used to generate textual robot design specifications, interaction policies, and risk assessments during early-stage robot development. Such outputs may influence how surveillance and security robots are conceptualized, documented, and ultimately implemented. This paper evaluates whether identity-conditioned prompts produce systematic differences in LLM-generated surveillance and security robot design descriptions. Using 236 demographic identity labels across single-label and model-augmented prompt conditions, we analyze readability as an initial benchmark for evaluating accessibility and identity-conditioned variation in generated robot design descriptions. The results show significant differences in readability across prompt conditions, design dimensions, and demographic identities. Although readability cannot determine whether an output is fair or socially appropriate, it provides an interpretable baseline within a broader benchmarking framework that also includes lexical, semantic, sentiment, syntactic, and fairness-focused analyses.
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URL
https://arxiv.org/abs/2608.16030
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A Scalable Pipeline for LLM-Teacher Distillation Labeling: Work-Stealing Job Scheduling and Memory-Aware GPU Concurrency
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Labeling large text corpora with LLM teachers has become a practical route to training data at scale. At millions of items, hand-labeling every batch is not feasible, and two questions dominate: what label quality a teacher buys per dollar, and how to keep a fleet of GPU workers busy under skewed, failure-prone workloads. We present a simple, reproducible pipeline that addresses both. First, a work-stealing ring pool: each worker owns a queue, drains it first, and then steals from ring successors, with exactly-once task claims via atomic conditional writes and crash tolerance via stale-claim sweeping. The claim protocol requires only a compare-and-set primitive from its storage layer; we implement it on a single SQLite file, which makes the reference implementation dependency-free and the experiments reproducible on one machine. Second, a memory-aware concurrency rule that sizes per-node parallelism by how many model copies fit on the GPU, so the same code runs safely across device sizes. Third, a relabeling benchmark methodology in which the teacher relabels a public dataset that already has gold labels, so quality reduces to an agreement measurement and cost follows from measured throughput. Under skewed load the pool sustains up to 3.4 times the throughput of static sharding while matching it at zero skew, loses 0 of 2,000 tasks when half the workers are killed mid-run (static sharding loses 953), and yields measured quality and cost points for an instruction-tuned teacher on irony and sentiment tasks. All experiments run on public data and commodity hardware; code, tests, and run logs are released.
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URL
https://arxiv.org/abs/2608.15975
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Propaganda Forensics: Recovering the Generation Pipeline of an AI-Driven Influence Campaign
2026-08-16 13:53:30Benjamin Icard, Elouan Vuichard, Louis Lefebvre, Lila Sainero, Thomas Girault, Alice Breton, Tanguy Launay, Gauvain Bourgne, Morgane Casanova, Guillaume Gadek, Victor Kl\"otzer, Michel Le Nouy, Guillaume Gravier, Jean-Gabriel Ganascia, Paul \'Egr\'eAbstract
We present a forensic analysis of the generation pipeline behind a recent AI-driven influence campaign. We introduce PROPAGIA, a corpus of 2,646 propagandist French articles from the Storm-1516/CopyCop campaign disclosed by VIGINUM and INSIKT GROUP in 2025. For comparison, we rely on SIPA, a corpus of human-written French mainstream press from the same period. Using topic modeling, vagueness and sentiment analysis, we first isolate persuasion techniques characteristic of propaganda, with PROPAGIA far exceeding SIPA in vagueness, subjectivity and negativity, and citing fewer sources. We then find prompt instruction leaks on 50 of the 84 PROPAGIA websites, including a verbatim ten-point editorial specification accounting for several of these differences, together with high cross-article redundancy. Finally, we show that rewriting-based detection supports INSIKT GROUP's attribution to the Llama 3 family, but also suggests the involvement of Mistral-family models.
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URL
https://arxiv.org/abs/2608.15746
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Integrating Persuasion Theory into the Epidemiological Modelling of Health Misinformation Spread on Social Media
2026-08-16 11:34:25Mkululi Sikosana, Sean Maudsley-Barton, Oluwaseun AjaoAbstract
This study presents a hybrid epidemiological and behavioural framework to simulate the spread of health misinformation on social media. We extend the classical Susceptible--Infected--Recovered (SIR) model to a six-compartment structure (SIRMMM), incorporating Misinformed Susceptible (MS), Misinformed Infected (MI), and Misinformed Recovered (MR) compartments to better reflect the dynamics of the misinformation lifecycle. To account for individual-level behavioural variation, we extend the SIRMMM model by integrating psychological signals from the Elaboration Likelihood Model (ELM), including sentiment polarity, engagement metrics, and cognitive effort, which dynamically modulate the misinformation transmission rate, yielding the ELM-SIRMMM framework. Model parameters were estimated using the FibVID dataset, which captures COVID-19 misinformation on Twitter. Generalisability was tested on two additional datasets: MC-Fake (emotional misinformation) and Monant (general health misinformation). Results show that the ELM-SIRMMM model enhances both predictive accuracy and dynamic realism. On FibVID, it decreases RMSE by 5.5%, delays the misinformation peak from day 150 to day 160, and increases its peak prevalence from 6% to 7%. On MC-Fake, it accurately reproduces a flash-rumour pattern, infecting 38% of users by day 45 and achieving 97% misinformation recovery, all while maintaining model accuracy. In contrast, minimal behavioural signal variability in the Monant dataset leads to marginal benefit, with only a 3% peak and 57% of users remaining susceptible. These findings suggest that structural elaboration alone is insufficient. Functional realism in modelling misinformation spread requires dynamic psychological inputs that vary meaningfully across time and contexts.
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URL
https://arxiv.org/abs/2608.15689
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Why Summaries Turn Neutral: Policy Attribution for Sentiment Drift in Reinforcement Learning from Human Feedback
2026-08-16 04:56:03Mikhail Krasitskii, Alexander Gelbukh, Olga Kolesnikova, Grigori SidorovAbstract
Reinforcement learning with human feedback (RLHF) aligns LLMs with human preferences, improving summarization fluency and safety, but causes sentiment drift: overly neutral summaries stripped of emotional nuance. We diagnose why RL acts as a sentiment neutralizer and present Policy Attribution, a framework using gradient and logit decomposition to trace drift to reward model (RM) signals and KL (Kullback-Leibler) penalty. Sentiment drift reflects a strategic bias toward "low-risk" tokens maximizing expected rewards under preference uncertainty (Stiennon et al., 2020; Gao, Schulman, and Hilton, 2023). On Reddit TL;DR and CNN/DailyMail, RLHF summaries get higher rewards but show 30-40% lower sentiment variance. Cross-lingual analysis across eight languages shows language-independent drift, with morphologically richer languages more suppressed (Krasitskii et al., 2026). We propose and validate a sentiment-aware regularization technique reducing drift by 18-22% without harming summary quality. The code and toolkit will be public.
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URL
https://arxiv.org/abs/2608.15530
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When AI Rewrites, Classifiers Relax: Uncertainty-Aware Sentiment Analysis on Sarcastic and AI-Paraphrased Social Text
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Sentiment classifiers are increasingly applied to social media content that is either sarcastic or AI-generated --- two distributional regimes where standard evaluations offer little guidance. We present a three-part empirical study of sentiment classifier behaviour under these conditions. First, we find that confidence scores on sarcastic text are significantly lower than on non-sarcastic text (Mann--Whitney $p = 2 \times 10^{-6}$), confirming that classifiers sense their own uncertainty on ironic content even without explicit uncertainty modelling. Second, and counterintuitively, we show that sentiment classifiers achieve higher accuracy on AI-paraphrased reviews than on the original human-authored text (RoBERTa: $+5.8$ pp for Qwen3.5-4B paraphrases, $+3.7$ pp for Gemma4-E4B), revealing a cross-domain stylistic alignment effect: AI paraphrases remove distributional noise that confounds Twitter-trained classifiers, producing cleaner, more prototypical sentiment text. Third, we demonstrate that a lightweight abstention wrapper --- flagging the $14\%$ of inputs with confidence below $0.6$ --- improves accuracy from 82.2\% to 88.9\% ($+6.7$ pp) on the retained set. We further compare Semantic Entropy and MC-Dropout-style disagreement as uncertainty signals and find near-identical AUROC ($0.650$ vs.\ $0.646$) on sarcastic text, suggesting that for short social media inputs, both methods are interchangeable. Our results motivate a shift from confident single-label prediction to uncertainty-aware abstention in high-stakes sentiment applications such as mental health flagging and content moderation.
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URL
https://arxiv.org/abs/2608.15338
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Seeing Red, Thinking Bad: Color Bias in Vision Language Models
2026-08-14 13:14:58Kohsuke Ide, Ryousuke Yamada, Yoshihiro Fukuhara, Hirokatsu Kataoka, Yutaka SatohAbstract
Vision language models (VLMs) are increasingly used in industrial decision-making systems, such as recruitment support and recommendation. This motivates careful analysis of how VLMs process visual and textual information. In this work, we study how VLMs interpret text rendered as an image, and investigate the influence of visual styling biases. To this end, we introduce Stealth Visual Prompts, which subtly change visual styling of text, such as color and contrast, while preserving semantic content. Using these prompts, we systematically control the visual styling of words in text and measure their impact on the analysis performed by VLMs. We further analyze how such visual perturbations affect the latent representations of the vision encoder. From our experiments, we observed that coloring positive words in green consistently shifts sentiment predictions toward a positive direction. As a result, VLMs often fail to properly account for negative words present in the text. Our analysis suggests that this behavior is correlated with changes in the latent representations of the vision encoder induced by color variations. In addition, we show that reducing text--background contrast increases reliance on visually salient cues and leads to more incorrect Visual Question Answering (VQA) outputs. These results suggest that the visual styling of rendered text can guide VLMs' interpretation in ways that diverge from human semantic understanding. Project page: this https URL
Abstract (translated)
URL
https://arxiv.org/abs/2608.14286
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Buy the Rumor, Sell the News: When Is News Priced In?
2026-08-14 07:02:41Alireza Kargarzadeh, Nariman Khaledian, Navid Parvini, Sid Ghatak, Arman KhaledianAbstract
Two old market sayings hold that news is already priced in by the time it is published, and that the rumor is bought while the news is sold. Both place the price move associated with a piece of news before and at publication rather than after it. Whether the claims hold, for which kinds of news, and by how much are basic questions about how fast markets absorb public information. We test them on 4.57 million financial news articles covering roughly 3,000 US stocks (2023-2026). A large language model teacher, distilled into a compact classifier through active learning, assigns each article one of 17 event tags and five attributes; articles are clustered into stories to separate first reports from follow-up coverage; and beta-adjusted abnormal returns are measured around the resulting 1.68 million stock-day events, with 364,405 neutral-sentiment events as a placebo group. Three results follow. First, the price move associated with news concentrates before and at publication: pooled across all signed events, the cumulative move in the news direction by the close of publication day is 2.8 times its value 20 days later, and for rumor-flagged events the rumor day captures the entire move while the subsequent confirmation contributes nothing. Second, measured against the placebo of comparable stocks, markets underreact to numbers and overreact to stories: quantified fundamental news (earnings, dividends, guidance, analyst actions) keeps drifting in the direction of the news for weeks, while soft story-driven news (launches, macro commentary, leadership) gives back its move. Third, news carries width as well as direction: publicity raises volatility before the publication day, and volatility declines once the news is out, because publication resolves uncertainty. The study also produces a table of measured drift for each event tag, usable as a prior in news-conditioned forecasting models.
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URL
https://arxiv.org/abs/2608.14014
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ViTOED: A Dataset for Target-Oriented Emotion Detection on Vietnamese Social Media Texts
2026-08-13 03:35:14Chanh Vo, Son T. Luu, Ngan Luu-Thuy NguyenAbstract
This paper introduces ViTOED, a novel dataset for target-oriented emotion detection in Vietnamese social media texts. The ViTOED comprises 10,985 user comments and 21,244 manually annotated opinion quadruples (source, target, expression, polarity) that follow strict guidelines. The dataset reveals Vietnamese-specific phenomena, such as implicit sources and targets and vocabulary ambiguities, enabling deeper analysis of user emotions toward entities. We propose a baseline using structured sentiment graphs and evaluate various Vietnamese pre-trained language models. The empirical results highlight challenges in span detection and relation extraction and indicate substantial room for model improvement in Vietnamese Target-Oriented Emotion Detection tasks.
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URL
https://arxiv.org/abs/2608.12776
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Large Language Model-Driven Small-Capitalization Trading: Integrating Financial News Sentiment, Macroeconomic Indicators, and Technical Signals
2026-08-12 17:28:03Alireza Kargarzadeh, Nariman Khaledian, Navid Parvini, Arman KhaledianAbstract
Large language models can extract richer signals from financial news than fixed sentiment lexicons, and recent work has explored feeding such signals into portfolio construction. We study an uncertainty-aware construction that feeds model-predicted risk -- decomposed into aleatoric and epistemic components -- directly into the covariance matrix of portfolio allocators, rather than treating portfolio risk as fixed or adjusting only expected returns. We evaluate the pipeline on Russell 2000 equities under three stock-selection regimes: a pure-alpha trigger that isolates abnormal stock moves not explained by macro indicators, a pure-beta trigger that captures macro-indicator moves before the stock itself fires, and a beta trigger in which both channels agree. Across the full holding-period grid, the separated pure-alpha and pure-beta legs usually dominate the beta intersection on Sharpe and return. Two horizons are especially informative. At one day, pure beta can work under low and moderate transaction costs because it captures immediate lead-lag spillovers from liquid macro and sector indicators into exposed small-cap stocks, but this advantage disappears at 100 bps when turnover and microstructure noise dominate. At 40 days, pure beta works for a different reason: slower macro repricing overtakes the firm-specific pure-alpha channel. The strongest conservative row is pure beta with GPT-4o mini sentiment, a Student-t target, a 40-day holding period, and risk parity allocation, reaching Sharpe 2.33 at 100 bps. The results suggest that stock-selection regime and allocator choice matter at least as much as the sentiment model, and that separating firm-specific and macro-exposure triggers is more informative than requiring both to fire simultaneously.
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URL
https://arxiv.org/abs/2608.12283
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