Propose, Don't Judge: An Anytime-Valid Referee for LLM Agents That Mine Investment Factors
arXiv:2609.27051v1 Announce Type: new Abstract: Language-model agents now run the whole of quantitative factor research: they propose investment factors, backtest them, select the survivors and retire them. We ask which of those jobs an agent should keep. Our answer is governed self-evolution: the agent may propose, and a frozen statistical referee that the agent cannot touch must judge. The…
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