Nous: An Attempt to Extract and Inject the Cognition Behind Prediction-Market Behavior

TL;DR

Nous extracts behavioral parameters from trading data and attempts prompt-based injection to induce cognitive diversity, but results show limited effectiveness.

cs.AI 🔴 Advanced 2026-06-11 53 views
Haowei Qian
cognitive diversity prediction markets LLM behavioral extraction ensemble forecasting

Key Findings

Methodology

Using an eight-dimensional behavioral schema, the study extracts stable parameters from Polymarket wallets, assessing stability via ICC and identification accuracy. Structured prompts are designed to inject these features into LLMs, evaluated through embedding similarity, error correlation, and Brier scores. Experiments include control prompts and parameter variation to test transfer efficacy.

Key Results

  • From 100 wallets, 8 parameters show temporal stability (ICC≥0.5), wallet profiles enable identification (Top-1 17-22%), and two parameters correlate with future profits (not controlling for confounds).
  • Prompt injection alters outputs but does not significantly increase diversity or reduce error correlation. Semantic embedding metrics show no advantage over controls, indicating limited transfer of cognitive features.
  • Parameter spread does not translate into prompt diversity; prompts remain semantically near-uniform, constraining cognitive injection effectiveness.

Significance

This work highlights the challenge of achieving cognitive heterogeneity in homogeneous large models, emphasizing that prompt-level strategies have limited capacity. It underscores the need for deeper model tuning (fine-tuning, activation steering) to foster meaningful diversity, which is crucial for robust collective intelligence and reducing correlated errors in ensemble systems.

Technical Contribution

Introduces a structured behavioral schema derived from real trading data, providing quantitative metrics for cognitive heterogeneity. Designs and evaluates prompt injection mechanisms, systematically demonstrating their limitations. Offers a framework for measuring the transfer of behavioral parameters into model outputs, advancing understanding of cognitive injection boundaries.

Novelty

First to empirically extract and validate human-like behavioral parameters from real trading activity and attempt their injection via prompts. Differentiates from prior persona or architecture-based diversity by data-driven behavioral modeling and quantitative transfer assessment, revealing prompt-layer limitations.

Limitations

  • Extracted parameters, while stable, do not fully capture deep cognitive structures, leading to potential behavioral-cognitive mismatch.
  • Prompt injection, constrained by language expressiveness and model understanding, fails to effectively transmit cognitive features.
  • Lack of large-scale validation of diversity benefits in real ensemble tasks limits practical conclusions; future work should incorporate model fine-tuning.

Future Work

Future directions include integrating internal model tuning methods, expanding behavioral datasets, and exploring multi-modal behavioral signals. Further research should evaluate the impact of deep cognitive injection on ensemble robustness and accuracy across diverse tasks and domains.

AI Executive Summary

In collective decision-making and prediction markets, cognitive diversity among participants is vital for robust and accurate outcomes. However, large language models (LLMs), trained on vast overlapping corpora, tend to exhibit high cognitive homogeneity, leading to correlated errors that undermine ensemble benefits. This paper introduces Nous, a framework that extracts structured behavioral parameters from real human trading data and attempts to inject this diversity into LLMs via prompt engineering.

The first step involves deriving an eight-dimensional behavioral schema from Polymarket wallets, demonstrating that several parameters are stable over time and can identify individual traders better than chance. Some parameters also show correlation with future trading profits, indicating their behavioral relevance. Next, the authors design prompts embedding these parameters, aiming to induce cognitive heterogeneity.

Experimental results reveal that while prompt-based injection can alter model outputs, it fails to significantly enhance output diversity or reduce error correlation. Semantic embedding analyses show no meaningful advantage over control prompts, and the prompts themselves remain semantically uniform regardless of input variation. This indicates a fundamental limitation: the prompt layer cannot effectively transmit complex behavioral signals into diverse reasoning pathways.

The findings underscore the challenge of overcoming the inherent cognitive monoculture in large models. The authors argue that deeper, below-the-prompt interventions—such as fine-tuning or activation steering—are necessary to realize meaningful cognitive heterogeneity. This work provides a quantitative foundation for future research aiming to diversify AI reasoning and improve collective intelligence, emphasizing that prompt engineering alone may be insufficient for this goal.

Deep Analysis

Background

Recent advances in large language models (LLMs) have significantly improved individual prediction accuracy, exemplified by systems like Halawi et al.'s retrieval-augmented reasoning pipeline and Mantic's reinforcement learning approach. These methods have approached or surpassed human-level performance on various benchmarks. However, the focus has largely been on single-agent accuracy, neglecting the importance of diversity within populations. Behavioral economics and cognitive science emphasize that individual differences in reasoning and perception are crucial for collective intelligence. Yet, current models tend to produce highly correlated errors due to shared training data and architectures, leading to a phenomenon known as epistemic monoculture, which hampers ensemble robustness and decision quality.

Core Problem

The core challenge is that homogeneous large models, when deployed as multiple agents, tend to produce correlated errors, undermining the benefits of ensemble methods. Existing approaches relying on architectural diversity or manual persona design are limited in scalability and authenticity. The key question is whether behavioral heterogeneity, grounded in real human data, can be extracted and effectively injected into models to promote independent reasoning pathways, thereby reducing error correlation and enhancing collective decision-making.

Innovation

This work introduces a structured behavioral schema capturing eight key cognitive dimensions derived from real trading behavior. It employs a data-driven extraction process to quantify trader profiles, demonstrating their stability and predictive relevance. The core innovation lies in designing prompt-based mechanisms to inject these behavioral features into LLMs, aiming to emulate human cognitive diversity. The study systematically evaluates the transfer effectiveness using multiple metrics, revealing the limitations of prompt-level injection and highlighting the need for deeper model interventions. This approach bridges behavioral economics, AI prompting, and ensemble theory, offering a novel pathway to foster cognitive heterogeneity.

Methodology

  • �� Collect Polymarket trading data, define 14 behavioral parameters across eight dimensions such as risk perception, contrarianism, and belief update inertia.
  • �� Assess parameter stability via split-half ICC and bootstrap confidence intervals.
  • �� Use a structure-to-narrative translator to generate prompts embedding behavioral profiles.
  • �� Inject prompts into multiple LLMs, compare output diversity using Jensen-Shannon divergence and Brier scores.
  • �� Conduct ablation studies varying prompt length, profile diversity, and question difficulty.
  • �� Analyze whether behavioral parameters are transmitted into model outputs and whether they influence ensemble error correlation.

Experiments

The experimental setup involves extracting behavioral parameters from 100 wallets, evaluating their stability and identification accuracy. Prompts are constructed with embedded profiles and tested across different models and settings. The evaluation metrics include ICC for stability, Top-1 retrieval accuracy, Jensen-Shannon divergence for output diversity, and Brier score for forecast accuracy. Control prompts with matched length but no behavioral content are used to isolate the effect of structured injection. Multiple exploratory tests adjust sampling temperature, profile diversity, and question difficulty to validate robustness.

Abstract

As LLM agents proliferate in prediction markets and collective decision-making, they risk a cognitive monoculture: agents built on shared foundation models produce correlated forecasts, and recent measurement finds frontier-model errors correlated at r ~ 0.77. We ask whether human cognitive diversity can be recovered from behavior and transferred to LLM agents. Nous extracts a structured eight-dimension behavioral profile from real Polymarket trading activity and injects it into agents through prompts. Our central finding is a dissociation between the two halves of that pipeline. Extraction works, partially: across 100 wallets, 8 of 14 parameters are temporally stable (split-half ICC >= 0.5, bootstrap CI lower bound > 0.3; contrarian score reaches ICC ~ 0.9); wallets are identifiable from their profiles well above chance (top-1 retrieval 17-22% vs. 1% chance); and two of four pre-specified dimensions rank-correlate with future realized profit out-of-sample, though the correlations do not survive behavioral-confound controls. Prompt-level injection does not measurably transmit it: on a semantic embedding metric, structured injection shows no significant advantage over a length-matched control on any model, and the diversity it induces neither reduces ensemble error correlation nor improves Brier score -- a null that persists across exploratory checks on sampling temperature, profile diversity, and question difficulty. Measuring the prompts themselves locates the compression before the model: the structure-to-narrative translator emits near-uniform prompts whose spread does not track profile spread. We position Nous as measuring the cognitive-monoculture problem and the limits of a prompt-level remedy, motivating deeper, below-the-prompt injection (fine-tuning, activation steering). Code, frozen profiles, prompts, and model outputs: https://github.com/WillChienT/nous-paper

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