SwanNLP at SemEval-2026 Task 5: An LLM-based Framework for Plausibility Scoring in Narrative Word Sense Disambiguation

Recent advances in language models have substantially improved Natural Language Understanding (NLU). Although widely used benchmarks suggest that Large Language Models (LLMs) can effectively disambiguate, their practical applicability in real-world narrative contexts remains underexplored. SemEval-2026 Task 5 addresses this gap by introducing a task that predicts the human-perceived plausibility of a word sense within a short story. In this work, we propose an LLM-based framework for plausibility scoring of homonymous word senses in narrative texts using a structured reasoning mechanism. We examine the impact of fine-tuning low-parameter LLMs with diverse reasoning strategies, alongside dynamic few-shot prompting for large-parameter models, on accurate sense identification and plausibility estimation. Our results show that commercial large-parameter LLMs with dynamic few-shot prompting closely replicate human-like plausibility judgments. Furthermore, model ensembling slightly improves performance, better simulating the agreement patterns of five human annotators compared to single-model predictions