mlsanityData to 7 Oct 2026

Think, Speak, Decide: Language-Augmented Multi-Agent Reinforcement Learning for Economic Decision-Making

arXiv 2511.12876 ↗First posted 17 Nov 2025cs.AI econ.GN q-fin.ECcited by 2

On the map: LLM reasoning → Reasoning for agents, planning and code

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Abstract (arXiv)

Economic decision-making depends not only on structured signals such as prices and taxes, but also on unstructured language, including peer dialogue and media narratives. While multi-agent reinforcement learning (MARL) has shown promise in optimizing economic decisions, it struggles with the semantic ambiguity and contextual richness of language. We propose LAMP (Language-Augmented Multi-Agent Policy), a framework that integrates language into economic decision-making and narrows the gap to real-world settings. LAMP follows a Think-Speak-Decide pipeline: (1) Think interprets numerical observations to extract short-term shocks and long-term trends, caching high-value reasoning trajectories; (2) Speak crafts and exchanges strategic messages based on reasoning, updating beliefs by parsing peer communications; and (3) Decide fuses numerical data, reasoning, and reflections into a MARL policy to optimize language-augmented decision-making. Experiments in economic simulation show that LAMP outperforms both MARL and LLM-only baselines in cumulative return (+63.5%, +34.0%), robustness (+18.8%, +59.4%), and interpretability. These results demonstrate the potential of language-augmented policies to deliver more effective and robust economic strategies.

Key facts. Cited by 2 papers in the map (data through 7 Oct 2026). Placed in Reasoning for agents, planning and code, one of 17 directions in LLM reasoning. Builds on 8 of its 38 references that are in the map. First posted on arXiv 17 Nov 2025.

Builds on

8 of 38 references.

References · 8

  1. 2024TradingAgents: Multi-Agents LLM Financial Trading Frameworkcited by 182
  2. 2019A Survey of Reinforcement Learning Informed by Natural Languagecited by 154
  3. 2023Language Agents with Reinforcement Learning for Strategic Play in the Werewolf Gamecited by 148
  4. 2022Emergent Bartering Behaviour in Multi-Agent Reinforcement Learningcited by 18
  5. 2025A Multi-LLM-Agent-Based Framework for Economic and Public Policy Analysiscited by 11
  6. 2021Deep Reinforcement Learning in a Monetary Modelcited by 10
  7. 2021An Economy of Neural Networks: Learning from Heterogeneous Experiencescited by 4
  8. 2021Can an AI agent hit a moving target?cited by 3

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Cited by year (2026 to 7 Oct)

Citing papers per year: 2026: 2.

2 papers.

Similar, not cited

Close in wording, no citation either way

  1. 2025Aligning Large Language Model Agents with Rational and Moral Preferences: A Supervised Fine-Tuning Approach
  2. 2025Reasoning Like an Economist: Post-Training on Economic Problems Induces Strategic Generalization in LLMs
  3. 2025LLM Economist: Large Population Models and Mechanism Design in Multi-Agent Generative Simulacra
  4. 2026Grounding Large Language Models in DSGE Simulators for Policy Generation and Forecasting
  5. 2024FinCon: A Synthesized LLM Multi-Agent System with Conceptual Verbal Reinforcement for Enhanced Financial Decision Making
  6. 2024GLEE: A Unified Framework and Benchmark for Language-based Economic Environments
  7. 2025The Fragility of Strategic Thinking in Large Language Models
  8. 2026EconAI: Dynamic Persona Evolution and Memory-Aware Agents in Evolving Economic Environments