HindsightBench: A Black-Box Behavioral Audit Protocol for Parametric Hindsight in Time-Indexed LLM Decision Tasks
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Abstract (arXiv)
Large language models leak parametric knowledge of what followed a historical date into decision tasks indexed by that date -- not necessarily a lookup of the realized outcome, but knowledge of the period all the same. Existence is settled; what users lack is a cheap way to audit a given model. We present HindsightBench, a black-box audit protocol that profiles parametric hindsight in any time-indexed LLM decision task at probe-level cost (no backtests, no logprobs, no corpus access). It chains a four-arm date-manipulation matrix (revealed/date-only/masked/transplanted), dual memory probes (date recovery; outcome recall), and six metrics -- trigger strength, transplant effect, post-cutoff placebo, recoverability, behaviorally effective cutoff, and recall-accuracy dissociation -- with explicit gates where identifiability is data-dependent. Applied to 15 models from seven vendors on a 258-node vintage-correct macro panel, it yields three patterns: (i) the date-trigger reflex is not a scale phenomenon -- it tracks training recency, though what installs it is not identified here: absent across every 2024 open-weight row where it is measurable, including a 70B tier with cutoff-aligned recall propensity, present in every tested 2026-generation model, and switching on within one vendor lineage (Qwen3 -> Qwen3.6) in the same MoE family at ~3B active; (ii) effective cutoffs span 22 months across vendors and precede vendor-reported dates by up to eight months, invalidating calendar-window placebos; (iii) results are not invariant to serving -- BF16 serving of an FP8-referenced model breaks the trigger estimate's stability while AWQ-INT4 preserves it, and a provider-locked reasoning regime makes one probe non-convergent -- so the protocol pins quantization and thinking regime as part of its contract. We release the panel, preregistrations, audit rows, transcripts, and one-command regeneration.
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References · 19
- 2023Auditing large language models: a three-layered approachcited by 137
- 2024Black-Box Access is Insufficient for Rigorous AI Auditscited by 126
- 2024Evaluating Quantized Large Language Modelscited by 77
- 2024Dated Data: Tracing Knowledge Cutoffs in Large Language Modelscited by 51
- 2023Assessing Look-Ahead Bias in Stock Return Predictions Generated By GPT Sentiment Analysiscited by 31
- 2024Accuracy is Not All You Needcited by 31
- 2025Profit Mirage: Revisiting Information Leakage in LLM-based Financial Agentscited by 14
- 2026Look-Ahead-Bench: a Standardized Benchmark of Look-ahead Bias in Point-in-Time LLMs for Financecited by 13
- 2026From Knowing to Doing: A Memory-Controlled Benchmark for LLM Trading Agents on Stock Marketscited by 11
- 2025Quantized but Deceptive? A Multi-Dimensional Truthfulness Evaluation of Quantized LLMscited by 9
- 2025A Fast and Effective Solution to the Problem of Look-ahead Bias in LLMscited by 8
- 2025Detecting Lookahead Bias in LLM Forecastscited by 8
7 more
- 2026DatedGPT: Preventing Lookahead Bias in Large Language Models with Time-Aware Pretrainingcited by 8
- 2025ExAnte: A Benchmark for Ex-Ante Inference in Large Language Modelscited by 6
- 2026Simulated Ignorance Fails: A Systematic Study of LLM Behaviors on Forecasting Problems Before Model Knowledge Cutoffcited by 6
- 2025Instruction Tuning Chronologically Consistent Language Modelscited by 3
- 2025LLMLagBench: Identifying Temporal Training Boundaries in Large Language Modelscited by 3
- 2026Summoning the Oracle to Slay It: Mitigating Look-Ahead Bias in Financial Backtesting with Large Language Modelscited by 2
- 2026NumLeak: Public Numeric Benchmarks as Latent Labels in Foundation Modelscited by 1
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- 2026STOCKTAKE: Measuring the Gap Between Perception and Action in LLM Agents with a Fair Oracle
- 2026Targeted Tests for LLM Reasoning: An Audit-Constrained Protocol
- 2026IDEA: An Interpretable and Editable Decision-Making Framework for LLMs via Verbal-to-Numeric Calibration
- 2026Hindsight Preference Optimization for Financial Time Series Advisory