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q-fin.RM2026
Requested, Executed and Recoverable Credit: Shared Action Ordering among LLM Borrowers in a Simulated Lending Market
Victoria Ruojie Li
We test whether shared action ordering changes executed credit in a simulated collateralized lending market. Three small open-weight language models face a borrowing cap that value…
econ.GN2026
Shared Models, Selective Trading, and Order Flow
Victoria Ruojie Li, Arka Prava Bandyopadhyay
We study whether model diversity survives selection into trading. In synthetic markets with a fixed mixture of three language-model families, news presentation changes their repres…