mlsanityData to 7 Oct 2026

Conv-FinRe: A Conversational and Longitudinal Benchmark for Utility-Grounded Financial Recommendation

arXiv 2602.16990 ↗First posted 19 Feb 2026cs.AI cs.CEcited by 3

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Abstract (arXiv)

Most recommendation benchmarks evaluate how well a model imitates user behavior. In financial advisory, however, observed actions can be noisy or short-sighted under market volatility and may conflict with a user's long-term goals. Treating what users chose as the sole ground truth, therefore, conflates behavioral imitation with decision quality. We introduce Conv-FinRe, a conversational and longitudinal benchmark for stock recommendation that evaluates LLMs beyond behavior matching. Given an onboarding interview, step-wise market context, and advisory dialogues, models must generate rankings over a fixed investment horizon. Crucially, Conv-FinRe provides multi-view references that distinguish descriptive behavior from normative utility grounded in investor-specific risk preferences, enabling diagnosis of whether an LLM follows rational analysis, mimics user noise, or is driven by market momentum. We build the benchmark from real market data and human decision trajectories, instantiate controlled advisory conversations, and evaluate a suite of state-of-the-art LLMs. Results reveal a persistent tension between rational decision quality and behavioral alignment: models that perform well on utility-based ranking often fail to match user choices, whereas behaviorally aligned models can overfit short-term noise. The dataset is publicly released on Hugging Face, and the codebase is available on GitHub.

Key facts. Cited by 3 papers in the map (data through 7 Oct 2026). Builds on 17 of its 47 references that are in the map. First posted on arXiv 19 Feb 2026.

Builds on

17 of 47 references.

References · 17

  1. 2023Uncovering ChatGPT's Capabilities in Recommender Systemscited by 160
  2. 2021Advances and Challenges in Conversational Recommender Systems: A Surveycited by 118
  3. 2018Conversational Recommender Systemcited by 115
  4. 2023LLM-Rec: Personalized Recommendation via Prompting Large Language Modelscited by 77
  5. 2024INVESTORBENCH: A Benchmark for Financial Decision-Making Tasks with LLM-based Agentcited by 62
  6. 2023DocMath-Eval: Evaluating Math Reasoning Capabilities of LLMs in Understanding Long and Specialized Documentscited by 45
  7. 2013Data-Driven Estimation in Equilibrium Using Inverse Optimizationcited by 32
  8. 2025Fino1: On the Transferability of Reasoning-Enhanced LLMs and Reinforcement Learning to Financecited by 32
  9. 2023Evaluating ChatGPT as a Recommender System: A Rigorous Approachcited by 20
  10. 2025Are Generative AI Agents Effective Personalized Financial Advisors?cited by 18
  11. 2025UniConv: Unifying Retrieval and Response Generation for Large Language Models in Conversationscited by 11
  12. 2025FairEval: Evaluating Fairness in LLM-Based Recommendations with Personality Awarenesscited by 8
5 more
  1. 2022Personality-Driven Social Multimedia Content Recommendationcited by 6
  2. 2024FAR-Trans: An Investment Dataset for Financial Asset Recommendationcited by 5
  3. 2025FinTagging: Benchmarking LLMs for Extracting and Structuring Financial Informationcited by 3
  4. 2025PerFairX: Is There a Balance Between Fairness and Personality in Large Language Model Recommendations?cited by 3
  5. 2021StockBabble: A Conversational Financial Agent to support Stock Market Investorscited by 2

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3 papers.