@inproceedings{lian-etal-2026-llm,
title = "How {LLM} Financial Agents Respond to Stated Affect Depends on Their Assigned Role",
author = "Lian, Da Chen and
Chang, Yu-Lin and
Huang, Yen-Hsi and
Hsieh, Shu-Kai",
editor = "Huang, Jimin and
Lee, Yongjae and
Ananiadou, Sophia and
Chen, Hsin-Hsi and
Takamura, Hiroya and
Chen, Chung-Chi",
booktitle = "Proceedings of the 11th Workshop on Financial Technology and Natural Language Processing",
month = oct,
year = "2026",
address = "Budapest, Hungary",
publisher = "Association for Computational Linguistics",
url = "https://aclanthology.org/2026.finnlp-1.38/",
pages = "454--468",
ISBN = "979-8-89176-466-8",
abstract = "We test whether financial LLM agents respond differently to reports with identical facts, forecasts and recommendations but different wording. The reports differ only in a closing sentence stating the sender{'}s affect. The most consistent finding is linguistic: high-arousal wording increases readers' word-based arousal scores on average and also changes teammates' language. The response varies across rolespecific task instructions, although its magnitude and ordering change across prompt paraphrases, scoring methods, word-removal controls and model families. The central role comparison contains 7,080 generations, but all concern one underlying deposit-outflow event; the 59 matched pairs are seeded realizations of the same financial payload rather than independent financial situations. Separately varying alarm and urgency shows that both raise word-based arousal, while alarmed wording adds an apprehension component detected by an emotion classifier. Behavioral effects are less consistent: in the primary model, alarmed wording reduces adherence to BUY and SELL recommendations, but the SELL reported-size effect is not detected in two additional model families. A filter that removes explicit alarm while preserving checked financial fields leaves most of the linguistic response intact."
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<abstract>We test whether financial LLM agents respond differently to reports with identical facts, forecasts and recommendations but different wording. The reports differ only in a closing sentence stating the sender’s affect. The most consistent finding is linguistic: high-arousal wording increases readers’ word-based arousal scores on average and also changes teammates’ language. The response varies across rolespecific task instructions, although its magnitude and ordering change across prompt paraphrases, scoring methods, word-removal controls and model families. The central role comparison contains 7,080 generations, but all concern one underlying deposit-outflow event; the 59 matched pairs are seeded realizations of the same financial payload rather than independent financial situations. Separately varying alarm and urgency shows that both raise word-based arousal, while alarmed wording adds an apprehension component detected by an emotion classifier. Behavioral effects are less consistent: in the primary model, alarmed wording reduces adherence to BUY and SELL recommendations, but the SELL reported-size effect is not detected in two additional model families. A filter that removes explicit alarm while preserving checked financial fields leaves most of the linguistic response intact.</abstract>
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%0 Conference Proceedings
%T How LLM Financial Agents Respond to Stated Affect Depends on Their Assigned Role
%A Lian, Da Chen
%A Chang, Yu-Lin
%A Huang, Yen-Hsi
%A Hsieh, Shu-Kai
%Y Huang, Jimin
%Y Lee, Yongjae
%Y Ananiadou, Sophia
%Y Chen, Hsin-Hsi
%Y Takamura, Hiroya
%Y Chen, Chung-Chi
%S Proceedings of the 11th Workshop on Financial Technology and Natural Language Processing
%D 2026
%8 October
%I Association for Computational Linguistics
%C Budapest, Hungary
%@ 979-8-89176-466-8
%F lian-etal-2026-llm
%X We test whether financial LLM agents respond differently to reports with identical facts, forecasts and recommendations but different wording. The reports differ only in a closing sentence stating the sender’s affect. The most consistent finding is linguistic: high-arousal wording increases readers’ word-based arousal scores on average and also changes teammates’ language. The response varies across rolespecific task instructions, although its magnitude and ordering change across prompt paraphrases, scoring methods, word-removal controls and model families. The central role comparison contains 7,080 generations, but all concern one underlying deposit-outflow event; the 59 matched pairs are seeded realizations of the same financial payload rather than independent financial situations. Separately varying alarm and urgency shows that both raise word-based arousal, while alarmed wording adds an apprehension component detected by an emotion classifier. Behavioral effects are less consistent: in the primary model, alarmed wording reduces adherence to BUY and SELL recommendations, but the SELL reported-size effect is not detected in two additional model families. A filter that removes explicit alarm while preserving checked financial fields leaves most of the linguistic response intact.
%U https://aclanthology.org/2026.finnlp-1.38/
%P 454-468
Markdown (Informal)
[How LLM Financial Agents Respond to Stated Affect Depends on Their Assigned Role](https://aclanthology.org/2026.finnlp-1.38/) (Lian et al., FinNLP 2026)
ACL