# GPT-Guided Monte Carlo Tree Search for Symbolic Regression in Financial Fraud Detection

arXiv: https://arxiv.org/abs/2411.04459 · HTML: https://mlsanity.com/paper/2411.04459/

## Key facts

- Cited by 2 papers in the map (data through 14 Oct 2026).
- Placed in Reasoning for agents, planning and code, one of 17 directions in LLM reasoning.
- Builds on 7 of its 25 references that are in the map.
- First posted on arXiv 7 Nov 2024.

## Placed in

- LLM reasoning / [Reasoning for agents, planning and code](https://mlsanity.com/lr/reasoning-for-agents-planning-and-code/)

## Builds on (most cited first, 7 of 7)

- [Graph Attention Networks](https://mlsanity.com/paper/1710.10903/) (2017)
- [XGBoost: A Scalable Tree Boosting System](https://mlsanity.com/paper/1603.02754/) (2016)
- [Thinking Fast and Slow with Deep Learning and Tree Search](https://mlsanity.com/paper/1705.08439/) (2017)
- [Enhancing Graph Neural Network-based Fraud Detectors against Camouflaged Fraudsters](https://mlsanity.com/paper/2008.08692/) (2020)
- [A Semi-supervised Graph Attentive Network for Financial Fraud Detection](https://mlsanity.com/paper/2003.01171/) (2020)
- [SymbolicGPT: A Generative Transformer Model for Symbolic Regression](https://mlsanity.com/paper/2106.14131/) (2021)
- [Intelligent Financial Fraud Detection Practices: An Investigation](https://mlsanity.com/paper/1510.07165/) (2015)

## Built on by (most cited first, 2 of 2)

- [Towards Reasoning Era: A Survey of Long Chain-of-Thought for Reasoning Large Language Models](https://mlsanity.com/paper/2503.09567/) (2025)
- [From System 1 to System 2: A Survey of Reasoning Large Language Models](https://mlsanity.com/paper/2502.17419/) (2025)

## Abstract (arXiv)

With the increasing number of financial services available online, the rate of financial fraud has also been increasing. The traffic and transaction rates on the internet have increased considerably, leading to a need for fast decision-making. Financial institutions also have stringent regulations that often require transparency and explainability of the decision-making process. However, most state-of-the-art algorithms currently used in the industry are highly parameterized black-box models that rely on complex computations to generate a score. These algorithms are inherently slow and lack the explainability and speed of traditional rule-based learners. This work introduces SR-MCTS (Symbolic Regression MCTS), which utilizes a foundational GPT model to guide the MCTS, significantly enhancing its convergence speed and the quality of the generated expressions which are further extracted to rules. Our experiments show that SR-MCTS can detect fraud more efficiently than widely used methods in the industry while providing substantial insights into the decision-making process.