mlsanityData to 14 Oct 2026

Examining Independence in Ensemble Sentiment Analysis: A Study on the Limits of Large Language Models Using the Condorcet Jury Theorem

arXiv 2409.00094 ↗First posted 26 Aug 2024cs.CL cs.AIcited by 4

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Abstract (arXiv)

This paper explores the application of the Condorcet Jury theorem to the domain of sentiment analysis, specifically examining the performance of various large language models (LLMs) compared to simpler natural language processing (NLP) models. The theorem posits that a majority vote classifier should enhance predictive accuracy, provided that individual classifiers' decisions are independent. Our empirical study tests this theoretical framework by implementing a majority vote mechanism across different models, including advanced LLMs such as ChatGPT 4. Contrary to expectations, the results reveal only marginal improvements in performance when incorporating larger models, suggesting a lack of independence among them. This finding aligns with the hypothesis that despite their complexity, LLMs do not significantly outperform simpler models in reasoning tasks within sentiment analysis, showing the practical limits of model independence in the context of advanced NLP tasks.

Key facts. Cited by 4 papers in the map (data through 14 Oct 2026). Builds on 10 of its 46 references that are in the map. First posted on arXiv 26 Aug 2024.

Builds on

10 of 46 references.

References · 10

  1. 2018BERT: Pre-training of Deep Bidirectional Transformers for Language Understandingcited by 40,399
  2. 2020Language Models are Few-Shot Learnerscited by 32,419
  3. 2019DistilBERT, a distilled version of BERT: smaller, faster, cheaper and lightercited by 4,307
  4. 2018Evidential Deep Learning to Quantify Classification Uncertaintycited by 732
  5. 2019FinBERT: Financial Sentiment Analysis with Pre-trained Language Modelscited by 385
  6. 2019Financial Time Series Forecasting with Deep Learning : A Systematic Literature Review: 2005-2019cited by 273
  7. 2023Can ChatGPT Forecast Stock Price Movements? Return Predictability and Large Language Modelscited by 129
  8. 2023Instruct-FinGPT: Financial Sentiment Analysis by Instruction Tuning of General-Purpose Large Language Modelscited by 58
  9. 2024Can ChatGPT Compute Trustworthy Sentiment Scores from Bloomberg Market Wraps?cited by 2
  10. 2024Detection of Temporality at Discourse Level on Financial News by Combining Natural Language Processing and Machine Learningcited by 2

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4 papers.