Simple Questions
Keywords Definitions
Financial concepts can be challenging for non-experts. LLMs help democratize financial knowledge through accessible explanations.
Fig. 3 Q&A example explaining “What is a Ponzi Scheme?” Green highlights match official definitions.
Fig. 4 LLM explanation of “Flash Crash” with green-highlighted accurate definitions.
Understanding Financial Events
LLMs can explain event narratives while sometimes struggling with numeric accuracy.
Fig. 5 Conceptual explanation (green) vs numerical error (red) in describing GameStop short squeeze: - Correct: Retail investor coordination, short squeeze mechanics - Incorrect: Peak price inaccuracy (actual: ~$95)