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Large Language Models (LLMs) achieve strong performance through extended inference-time deliberation, yet how their reasoning failures arise remains poorly understood. By analyzing model-generated reasoning trajectories, we find that errors are not uniformly distributed but often originate from a small number of early transition points, after which reasoning remains locally coherent but globally incorrect. These transitions coincide with localized spikes in token-level entropy, and alternative continuations from the same intermediate state can still lead to correct solutions. Based on these observations, we introduce GUARD, a targeted inference-time framework that probes and redirects critical transitions using uncertainty signals. Empirical evaluations across multiple benchmarks confirm that interventions guided by these failure dynamics lead to more reliable reasoning outcomes. Our findings highlight the importance of understanding when and how reasoning first deviates, complementing existing approaches that focus on scaling inference-time computation.

ACL 2026

Dissecting Failure Dynamics in Large Language Model Reasoning

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ACL 2024

The 62nd Annual Meeting of the Association for Computational Linguistics (ACL 2024) will take place in Bangkok, Thailand from August 11th to 16th, 2024. More information will be announced soon.

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It is my great pleasure and honor to welcome you to the 64th Annual Meeting of the Association for Computational Linguistics (ACL 2026), held in San Diego, California, USA, July 2–7, 2026. ACL 2026 continues our fields tradition of excellence in scholarship, innovation, and inclusivity, and I am deeply grateful to the many volunteers who have worked tirelessly to bring this event to life.

It is exciting to see the many developments in the field reflected at our conference, such as the advancement of large language models (born out of our community) into many application directions. This is not without challenges, partly due to unsolved problems, and partly due to misuse of the technology. All this is reflected well at ACL 2026. The conference also reflects that the field is not only about advancing technology, but also the science of fundamentally understanding language and how it is use by many different speaker communities. 
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The 64th Annual Meeting of the Association for Computational Linguistics (ACL 2026) will take place in San Diego, California, from July 2 - 7, 2026.

Kullback-Leibler (KL) divergence regularization is essential for stabilizing reinforcement learning from human feedback (RLHF) in large language models (LLMs), yet its exact computation requires summing over vocabularies of all tokens, incurring prohibitive memory costs during training. Existing stochastic estimators circumvent this bottleneck by estimating KL divergence using only the sampled token from the trajectory, but suffer from high variance ($k_1$) or systematic bias ($k_2$). We propose \textbf{TIKE} (Top-$k$ Importance-weighted KL Estimator), which exploits the Zipfian structure of language model distributions: by deterministically integrating over only the top-$k$ tokens, TIKE captures most of the probability mass while effectively reducing memory cost. To ensure correctness in off-policy settings characteristic of Group Relative Policy Optimization (GRPO), we incorporate importance sampling weights that correct for distribution shift between rollout and optimization policies. Experiments on models across diverse benchmarks demonstrate that TIKE consistently outperforms stochastic baselines, while exhibiting substantially lower gradient variance. Our analysis reveals that TIKE closely tracks the exact Rao-Blackwellized estimator with near-zero variance, offering a practical path toward stable, memory-efficient KL regularization for reasoning-intensive LLMs training.

Efficient KL Divergence Estimation via Truncated Top-K Integration for Large Language Models

Individual investors are significantly outnumbered and disadvantaged in financial markets, overwhelmed by abundant information and lacking professional analysis. Equity research reports stand out as crucial resources, offering valuable insights. By leveraging these reports, large language models (LLMs) can enhance investors' decision-making capabilities and strengthen financial analysis. However, two key challenges limit their effectiveness: (1) the rapid evolution of market events often outpaces the slow update cycles of existing knowledge bases, (2) the long-form and unstructured nature of financial reports further hinders timely and context-aware integration by LLMs. To address these challenges, we tackle both data and methodological aspects. First, we introduce the Event-Enhanced Automated Construction of Financial Knowledge Graph (FinKario), a dataset comprising over 305,360 entities, 210,328 relational triples, and 19 distinct relation types. FinKario automatically integrates real-time company fundamentals and market events through prompt-driven extraction guided by professional institutional templates, providing structured and accessible financial insights for LLMs. Additionally, we propose a Two-Stage, Graph-Based retrieval strategy (FinKario-RAG), optimizing the retrieval of evolving, large-scale financial knowledge to ensure efficient and precise data access. Extensive experiments show that FinKario with FinKario-RAG achieves superior stock trend prediction accuracy, outperforming financial LLMs by 18.81% and institutional strategies by 17.85% on average in backtesting. \footnote{Our code is available at \url{https://github.com/Jackson906E/FinKario}.}

FinKario: Event-Enhanced Automated Construction of Financial Knowledge Graph

Mixture-of-Agents (MoA) improves LLM performance through layered collaboration, but its dense topology raises costs and latency. Existing methods employ LLM judges to filter responses, yet still require all models to perform inference before judging, failing to cut costs effectively. They also lack model selection criteria and struggle with large model pools, where full inference is costly and can exceed context limits. To address this, we propose **RouteMoA**, an efficient mixture-of-agents framework with dynamic routing. It employs a lightweight *scorer* to perform initial screening by predicting coarse-grained performance from the query, narrowing candidates to a high-potential subset without inference. A *mixture of judges* then refines these scores through lightweight self- and cross-assessment based on existing model outputs, providing posterior correction without additional inference. Finally, a *model ranking* mechanism selects models by balancing performance, cost, and latency. RouteMoA outperforms MoA across varying tasks and model pool sizes, reducing cost by 89.8% and latency by 63.6% in the large-scale model pool. Code is available at https://github.com/Jize-W/RouteMoA.

 RouteMoA: Dynamic Routing without Pre-Inference Boosts Efficient Mixture-of-Agents

Despite the recent success of instruction-tuned language models and their ubiquitous usage, very little is known of how models process instructions internally. In this work, we address this gap from a mechanistic point of view by investigating how instruction-specific representations are constructed and utilized in different stages of post-training: Supervised Fine-Tuning (SFT) and Direct Preference Optimization (DPO). Via causal mediation, we identify that instruction representation is fairly localized in models. These representations, which we call Instruction Vectors (IVs), demonstrate a curious juxtaposition of linear separability along with non-linear causal interaction, broadly questioning the scope of the linear representation hypothesis commonplace in mechanistic interpretability. To disentangle the non-linear causal interaction, we propose a novel method to localize information processing in language models that is free from the implicit linear assumptions of patching-based techniques. We find that, conditioned on the task representations formed in the early layers, different information pathways are selected in the later layers to solve that task, i.e., IVs act as circuit selectors.

Patches of Nonlinearity: Instruction Vectors in Large Language Models

Legal judgment prediction serves as a pivotal task in intelligent judicial systems. Although large language models have achieved remarkable progress in general reasoning, they struggle with tasks that require fine-grained distinctions between similar charges. These models often select plausible charges directly without discriminating among closely related alternatives. In this paper, we introduce GLARE, an agentic legal reasoning framework that enables models to actively retrieve and apply external knowledge during decision-making. Unlike static prediction, GLARE simulates comparative reasoning by dynamically expanding the decision space to include confusing candidates, then retrieving exclusionary logic from precedents and statutes to identify the correct judgment. Experiments on real-world datasets show that our method significantly outperforms strong baselines, especially on complex cases involving confusing or rare charges. The code is available at \url{https://anonymous.4open.science/r/GLARE-LJP-8EDF}.

GLARE: Agentic Reasoning for Legal Judgment Prediction

In-context learning (ICL) enables models to adapt to new tasks via inference-time demonstrations. Despite its success in large language models, the extension of ICL to multimodal settings remains poorly understood in terms of its internal mechanisms and how it differs from text-only ICL. In this work, we conduct a systematic analysis of ICL in multimodal large language models. Using identical task formulations across modalities, we show that multimodal ICL performs comparably to text-only ICL in zero-shot settings but degrades significantly under few-shot demonstrations. To understand this gap, we decompose multimodal ICL into task mapping construction and task mapping transfer, and analyze how models establish cross-modal task mappings, and transfer them to query samples across layers. Our analysis reveals that current models lack reasoning-level alignment between visual and textual representations, and fail to reliably transfer learned task mappings to queries. Guided by these findings, we further propose a simple inference-stage enhancement method that reinforces task mapping transfer. Our results provide new insights into the mechanisms and limitations of multimodal ICL and suggest directions for more effective multimodal adaptation.

Why Multimodal In-Context Learning Lags Behind? Unveiling the Inner Mechanisms and Bottlenecks

A promising direction for enabling private queries to large language models (LLMs) is with homomorphic encryption (HE). An open problem is performing token sampling under HE. In this paper, we introduce Hyperion, an efficient HE algorithm for inverse transform sampling, enabling private token sampling with 1 comparison depth, $O(1)$ amortized comparisons, and $O(\log n)$ rotations. We implement our approach and demonstrate that it samples tokens in 0.14 seconds for 32k tokens ($\approx 4.4\ \mu \mathrm{s}$ per token) on GPU, achieving a $100\times$ latency improvement over prior work.

Hyperion: Private Token Sampling with Homomorphic Encryption

Data valuation is essential for enhancing the transparency and accountability of large language models (LLMs) and vision-language models (VLMs). However, existing methods typically rely on gradient computations, making them computationally prohibitive for billion-parameter models and precluding batch parallelization. In this work, we introduce For-Value, a forward-only data valuation framework that enables efficient batch-scalable value estimation while maintaining effectiveness. Leveraging the expressive power of pretrained LLMs/VLMs, we theoretically demonstrate that data valuation can be captured by the alignment between the final hidden representations and prediction errors at the last layer. In light of this insight, For-Value computes data value using a simple closed-form expression with a single forward pass, eliminating the need for costly backpropagation and enabling efficient batch calculating at scale. Extensive experiments show that For-Value matches or outperforms gradient-based baselines in detecting influential data and mislabeled data, while achieving significant efficiency improvements.

For-Value: Efficient Forward-Only Data Valuation for finetuning LLMs and VLMs

Mixture of Experts models are widely assumed to achieve domain specialization through sparse routing. In this work, we question this assumption by introducing COMMITTEEAUDIT, a post hoc framework that analyzes routing behavior at the level of expert groups rather than individual experts. Across three representative models and the MMLU benchmark, we uncover a domain invariant Standing Committee. This is a compact coalition of routed experts that consistently captures the majority of routing mass across domains, layers, and routing budgets, even when architectures already include shared experts. Qualitative analysis further shows that Standing Committees anchor reasoning structure and syntax, while peripheral experts handle domain-specific knowledge. These findings reveal a strong structural bias toward centralized computation, suggesting that specialization in Mixture of Experts models is far less pervasive than commonly believed. Crucially, this inherent bias indicates that current training objectives, such as load-balancing losses that enforce uniform expert utilization, may be working against the model's natural optimization path, thereby limiting training efficiency and performance.

The Illusion of Specialization: Unveiling the Domain-Invariant "Standing Committee" in Mixture-of-Experts Models

Large language models (LLMs) now give reasoning before answering, excelling in tasks like multiple-choice question answering (MCQA). Yet, a concern is that LLMs do not solve MCQs as intended, as work finds LLMs sans reasoning succeed in MCQA without using the question, i.e., choices-only. Such partial-input success is often deemed problematic, but reasoning traces could reveal if these strategies are truly shallow in choices-only settings. To study these strategies, reasoning LLMs solve MCQs in full and choices-only inputs; test-time reasoning often boosts accuracy on full and in choices-only half the time. While possibly due to shallow shortcuts, choices-only success is barely affected by the length of reasoning traces, and after finding traces pass faithfulness tests, we show they use less problematic strategies like inferring missing questions. In all, we challenge claims that partial-input success is always a flaw, so we discuss how reasoning traces could separate problematic data from less problematic reasoning.

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Efficient KL Divergence Estimation via Truncated Top-K Integration for Large Language Models

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