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Towards a more efficient bias detection in financial language models

arXiv 2603.08267 ↗First posted 9 Mar 2026cs.AI cs.CE cs.LGcited by 0

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Abstract (arXiv)

Bias in financial language models constitutes a major obstacle to their adoption in real-world applications. Detecting such bias is challenging, as it requires identifying inputs whose predictions change when varying properties unrelated to the decision, such as demographic attributes. Existing approaches typically rely on exhaustive mutation and pairwise prediction analysis over large corpora, which is effective but computationally expensive-particularly for large language models and can become impractical in continuous retraining and releasing processes. Aiming at reducing this cost, we conduct a large-scale study of bias in five financial language models, examining similarities in their bias tendencies across protected attributes and exploring cross-model-guided bias detection to identify bias-revealing inputs earlier. Our study uses approximately 17k real financial news sentences, mutated to construct over 125k original-mutant pairs. Results show that all models exhibit bias under both atomic (0.58%-6.05%) and intersectional (0.75%-5.97%) settings. Moreover, we observe consistent patterns in bias-revealing inputs across models, enabling substantial reuse and cost reduction in bias detection. For example, up to 73% of FinMA's biased behaviours can be uncovered using only 20% of the input pairs when guided by properties derived from DistilRoBERTa outputs.

Key facts. No citing papers in the map yet (data through 7 Oct 2026). Builds on 14 of its 22 references that are in the map. First posted on arXiv 9 Mar 2026.

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14 of 22 references.

References · 14

  1. 2019RoBERTa: A Robustly Optimized BERT Pretraining Approachcited by 13,266
  2. 2020DeBERTa: Decoding-enhanced BERT with Disentangled Attentioncited by 2,157
  3. 2016Man is to Computer Programmer as Woman is to Homemaker? Debiasing Word Embeddingscited by 1,304
  4. 2020Language (Technology) is Power: A Critical Survey of "Bias" in NLPcited by 951
  5. 2023BloombergGPT: A Large Language Model for Financecited by 923
  6. 2017Counterfactual Fairnesscited by 802
  7. 2019FinBERT: Financial Sentiment Analysis with Pre-trained Language Modelscited by 378
  8. 2023FinGPT: Open-Source Financial Large Language Modelscited by 244
  9. 2018Examining Gender and Race Bias in Two Hundred Sentiment Analysis Systemscited by 234
  10. 2023PIXIU: A Large Language Model, Instruction Data and Evaluation Benchmark for Financecited by 217
  11. 2024Bias in Large Language Models: Origin, Evaluation, and Mitigationcited by 77
  12. 2021BiasFinder: Metamorphic Test Generation to Uncover Bias for Sentiment Analysis Systemscited by 20
2 more
  1. 2025HInter: Exposing Hidden Intersectional Bias in Large Language Modelscited by 3
  2. 2026Impact of LLMs news Sentiment Analysis on Stock Price Movement Predictioncited by 1

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