multi-agent model
LLM-Powered Multi-Agent System for Automated Crypto Portfolio Management
Luo, Yichen, Feng, Yebo, Xu, Jiahua, Tasca, Paolo, Liu, Yang
Cryptocurrency investment is inherently difficult due to its shorter history compared to traditional assets, the need to integrate vast amounts of data from various modalities, and the requirement for complex reasoning. While deep learning approaches have been applied to address these challenges, their black-box nature raises concerns about trust and explainability. Recently, large language models (LLMs) have shown promise in financial applications due to their ability to understand multi-modal data and generate explainable decisions. However, single LLM faces limitations in complex, comprehensive tasks such as asset investment. These limitations are even more pronounced in cryptocurrency investment, where LLMs have less domain-specific knowledge in their training corpora. To overcome these challenges, we propose an explainable, multi-modal, multi-agent framework for cryptocurrency investment. Our framework uses specialized agents that collaborate within and across teams to handle subtasks such as data analysis, literature integration, and investment decision-making for the top 30 cryptocurrencies by market capitalization. The expert training module fine-tunes agents using multi-modal historical data and professional investment literature, while the multi-agent investment module employs real-time data to make informed cryptocurrency investment decisions. Unique intrateam and interteam collaboration mechanisms enhance prediction accuracy by adjusting final predictions based on confidence levels within agent teams and facilitating information sharing between teams. Empirical evaluation using data from November 2023 to September 2024 demonstrates that our framework outperforms single-agent models and market benchmarks in classification, asset pricing, portfolio, and explainability performance.
A multi-agent model of hierarchical decision dynamics
One key feature is that the "decision" process is split into three distinct steps: information gathering, judgement formation, and action. Notably, any agent's judgement about a best Decision making has always been a potentially complex action is not necessarily the same as the action taken, since problem, and arguably never more so when there are many (e.g.) the preferred action might be altered - or even overridden competing decision types to be made, when they apply to different - by the judgements of higher level agents. The other scopes and arenas, when outcomes may be uncertain, key feature is that agents share only their judgements, and not and when there are many actors - with different levels of authority their observations about the world, or their actions.
A Multi-Agent Model for Opinion Evolution under Cognitive Biases
Alvim, Mário S., da Silva, Artur Gaspar, Knight, Sophia, Valencia, Frank
We generalize the DeGroot model for opinion dynamics to better capture realistic social scenarios. We introduce a model where each agent has their own individual cognitive biases. Society is represented as a directed graph whose edges indicate how much agents influence one another. Biases are represented as the functions in the square region $[-1,1]^2$ and categorized into four sub-regions based on the potential reactions they may elicit in an agent during instances of opinion disagreement. Under the assumption that each bias of every agent is a continuous function within the region of receptive but resistant reactions ($\mathbf{R}$), we show that the society converges to a consensus if the graph is strongly connected. Under the same assumption, we also establish that the entire society converges to a unanimous opinion if and only if the source components of the graph-namely, strongly connected components with no external influence-converge to that opinion. We illustrate that convergence is not guaranteed for strongly connected graphs when biases are either discontinuous functions in $\mathbf{R}$ or not included in $\mathbf{R}$. We showcase our model through a series of examples and simulations, offering insights into how opinions form in social networks under cognitive biases.