EnTaCs: Analyzing the Relationship Between Sentiment and Language Choice in English-Tamil Code-Switching

This paper investigates the relationship between utterance sentiment and language choice in English-Tamil code-switched text, using methods from machine learning and statistical modelling. We apply a fine-tuned XLM-RoBERTa model for token-level language identification on 35,650 romanized YouTube comments from the DravidianCodeMix dataset, producing per-utterance measurements of English proportion and language switch frequency. Linear regression analysis reveals that positive utterances exhibit significantly greater English proportion (34.3%) than negative utterances (24.8%), and mixed-sentiment utterances show the highest language switch frequency when controlling for utterance length. These findings support the hypothesis that emotional content demonstrably influences language choice in multilingual code-switching settings, due to socio-linguistic associations of prestige and identity with embedded and matrix languages.

Approaches to Analysing Historical Newspapers Using LLMs

This study presents a computational analysis of the Slovene historical newspapers \textit{Slovenec} and \textit{Slovenski narod} from the sPeriodika corpus, combining topic modelling, large language model (LLM)-based aspect-level sentiment analysis, entity-graph visualisation, and qualitative discourse analysis to examine how collective identities, political orientations, and national belonging were represented in public discourse at the turn of the twentieth century. Using BERTopic, we identify major thematic patterns and show both shared concerns and clear ideological differences between the two newspapers, reflecting their conservative-Catholic and liberal-progressive orientations. We further evaluate four instruction-following LLMs for targeted sentiment classification in OCR-degraded historical Slovene and select the Slovene-adapted GaMS3-12B-Instruct model as the most suitable for large-scale application, while also documenting important limitations, particularly its stronger performance on neutral sentiment than on positive or negative sentiment. Applied at dataset scale, the model reveals meaningful variation in the portrayal of collective identities, with some groups appearing predominantly in neutral descriptive contexts and others more often in evaluative or conflict-related discourse. We then create NER graphs to explore the relationships between collective identities and places. We apply a mixed methods approach to analyse the named entity graphs, combining quantitative network analysis with critical discourse analysis. The investigation focuses on the emergence and development of intertwined historical political and socionomic identities. Overall, the study demonstrates the value of combining scalable computational methods with critical interpretation to support digital humanities research on noisy historical newspaper data.

IndoBERT-Relevancy: A Context-Conditioned Relevancy Classifier for Indonesian Text

Determining whether a piece of text is relevant to a given topic is a fundamental task in natural language processing, yet it remains largely unexplored for Bahasa Indonesia. Unlike sentiment analysis or named entity recognition, relevancy classification requires the model to reason about the relationship between two inputs simultaneously: a topical context and a candidate text. We introduce IndoBERT-Relevancy, a context-conditioned relevancy classifier built on IndoBERT Large (335M parameters) and trained on a novel dataset of 31,360 labeled pairs spanning 188 topics. Through an iterative, failure-driven data construction process, we demonstrate that no single data source is sufficient for robust relevancy classification, and that targeted synthetic data can effectively address specific model weaknesses. Our final model achieves an F1 score of 0.948 and an accuracy of 96.5%, handling both formal and informal Indonesian text. The model is publicly available at HuggingFace.

ReasonScaffold: A Scaffolded Reasoning-based Annotation Protocol for Human-AI Co-Annotation

Human annotation is central to NLP evaluation, yet subjective tasks often exhibit substantial variability across annotators. While large language models (LLMs) can provide structured reasoning to support annotation, their influence on human annotation behavior remains underexplored. We introduce \textbf{ReasonScaffold}, a scaffolded reasoning annotation protocol that exposes LLM-generated explanations while withholding predicted labels. We study how reasoning affects human annotation behavior in a controlled setting, rather than evaluating annotation accuracy. Using a two-pass protocol inspired by Delphi-style revision, annotators first label instances independently and then revise their decisions after viewing model-generated reasoning. We evaluate the approach on sentiment classification and opinion detection tasks, analyzing changes in inter-annotator agreement and revision behavior. To quantify these effects, we introduce the Annotator Effort Proxy (AEP), a metric capturing the proportion of labels revised after exposure to reasoning. Our results show that exposure to reasoning is associated with increased agreement, along with minimal revision, suggesting that reasoning helps resolve ambiguous cases without inducing widespread changes. These findings provide insight into how reasoning explanations shape annotation consistency and highlight reasoning-based scaffolds as a practical mechanism for human--AI co-annotation workflows.

LogSigma at SemEval-2026 Task 3: Uncertainty-Weighted Multitask Learning for Dimensional Aspect-Based Sentiment Analysis

This paper describes LogSigma, our system for SemEval-2026 Task 3: Dimensional Aspect-Based Sentiment Analysis (DimABSA). Unlike traditional Aspect-Based Sentiment Analysis (ABSA), which predicts discrete sentiment labels, DimABSA requires predicting continuous Valence and Arousal (VA) scores on a 1-9 scale. A central challenge is that Valence and Arousal differ in prediction difficulty across languages and domains. We address this using learned homoscedastic uncertainty, where the model learns task-specific log-variance parameters to automatically balance each regression objective during training. Combined with language-specific encoders and multi-seed ensembling, LogSigma achieves 1st place on five datasets across both tracks. The learned variance weights vary substantially across languages due to differing Valence-Arousal difficulty profiles-from 0.66x for German to 2.18x for English-demonstrating that optimal task balancing is language-dependent and cannot be determined a priori.

Real Talk, Virtual Faces: A Formal Concept Analysis of Personality and Sentiment in Influencer Audiences

Virtual influencers~(VIs) -- digitally synthetic social-media personas -- attract audiences whose discourse appears qualitatively different from discourse around human influencers~(HIs). Existing work characterises this difference through surveys or aggregate engagement statistics, which reveal \emph{what} audiences say but not \emph{how} multiple signals co-occur. We propose a two-layer, structure-first framework grounded in Formal Concept Analysis~(FCA) and association rule mining. The first layer applies FCA with support-based iceberg filtering to weekly-aggregated comment data, extracting discourse profiles -- weekly co-occurrence bundles of sentiment, Big Five personality cues, and topic tags. The second layer mines association rules at the comment level, revealing personality--sentiment--topic dependencies invisible to frequency-table analysis. Applied to YouTube comments from three VI--HI influencer pairs, the two-layer analysis reveals a consistent structural divergence: HI discourse concentrates into a single, emotionally regulated (stability-centred) regime (low neuroticism anchoring positivity), while VI discourse supports three structurally distinct discourse modes, including an appearance-discourse cluster absent from HI despite near-equal marginal prevalence. Topic-specific analyses further show that VI contexts exhibit negative sentiment in psychologically sensitive domains (mental health, body image, artificial identity) relative to HI contexts. Our results position FCA as a principled tool for multi-signal discourse analysis and demonstrate that virtuality reshapes not just what audiences say, but the underlying grammar of how signals co-occur in their reactions.

Designing Agentic AI-Based Screening for Portfolio Investment

We introduce a new agentic artificial intelligence (AI) platform for portfolio management. Our architecture consists of three layers. First, two large language model (LLM) agents are assigned specialized tasks: one agent screens for firms with desirable fundamentals, while a sentiment analysis agent screens for firms with desirable news. Second, these agents deliberate to generate and agree upon buy and sell signals from a large portfolio, substantially narrowing the pool of candidate assets. Finally, we apply a high-dimensional precision matrix estimation procedure to determine optimal portfolio weights. A defining theoretical feature of our framework is that the number of assets in the portfolio is itself a random variable, realized through the screening process. We introduce the concept of sensible screening and establish that, under mild screening errors, the squared Sharpe ratio of the screened portfolio consistently estimates its target. Empirically, our method achieves superior Sharpe ratios relative to an unscreened baseline portfolio and to conventional screening approaches, evaluated on S&P 500 data over the period 2020--2024.

Causal Reconstruction of Sentiment Signals from Sparse News Data

Sentiment signals derived from sparse news are commonly used in financial analysis and technology monitoring, yet transforming raw article-level observations into reliable temporal series remains a largely unsolved engineering problem. Rather than treating this as a classification challenge, we propose to frame it as a causal signal reconstruction problem: given probabilistic sentiment outputs from a fixed classifier, recover a stable latent sentiment series that is robust to the structural pathologies of news data such as sparsity, redundancy, and classifier uncertainty. We present a modular three-stage pipeline that (i) aggregates article-level scores onto a regular temporal grid with uncertainty-aware and redundancy-aware weights, (ii) fills coverage gaps through strictly causal projection rules, and (iii) applies causal smoothing to reduce residual noise. Because ground-truth longitudinal sentiment labels are typically unavailable, we introduce a label-free evaluation framework based on signal stability diagnostics, information preservation lag proxies, and counterfactual tests for causality compliance and redundancy robustness. As a secondary external check, we evaluate the consistency of reconstructed signals against stock-price data for a multi-firm dataset of AI-related news titles (November 2024 to February 2026). The key empirical finding is a three-week lead lag pattern between reconstructed sentiment and price that persists across all tested pipeline configurations and aggregation regimes, a structural regularity more informative than any single correlation coefficient. Overall, the results support the view that stable, deployable sentiment indicators require careful reconstruction, not only better classifiers.

When AI Shows Its Work, Is It Actually Working? Step-Level Evaluation Reveals Frontier Language Models Frequently Bypass Their Own Reasoning

Language models increasingly "show their work" by writing step-by-step reasoning before answering. But are these reasoning steps genuinely used, or decorative narratives generated after the model has already decided? Consider: a medical AI writes "The patient's eosinophilia and livedo reticularis following catheterization suggest cholesterol embolization syndrome. Answer: B." If we remove the eosinophilia observation, does the diagnosis change? For most frontier models, the answer is no - the step was decorative. We introduce step-level evaluation: remove one reasoning sentence at a time and check whether the answer changes. This simple test requires only API access -- no model weights -- and costs approximately $1-2 per model per task. Testing 10 frontier models (GPT-5.4, Claude Opus, DeepSeek-V3.2, MiniMax-M2.5, Kimi-K2.5, and others) across sentiment, mathematics, topic classification, and medical QA (N=376-500 each), the majority produce decorative reasoning: removing any step changes the answer less than 17% of the time, while any single step alone recovers the answer. This holds even on math, where smaller models (0.8-8B) show genuine step dependence (55% necessity). Two models break the pattern: MiniMax-M2.5 on sentiment (37% necessity) and Kimi-K2.5 on topic classification (39%) - but both shortcut other tasks. Faithfulness is model-specific and task-specific. We also discover "output rigidity": on the same medical questions, Claude Opus writes 11 diagnostic steps while GPT-OSS-120B outputs a single token. Mechanistic analysis (attention patterns) confirms that CoT attention drops more in late layers for decorative tasks (33%) than faithful ones (20%). Implications: step-by-step explanations from frontier models are largely decorative, per-model per-domain evaluation is essential, and training objectives - not scale - determine whether reasoning is genuine.

Beyond Correlation: Refutation-Validated Aspect-Based Sentiment Analysis for Explainable Energy Market Returns

This paper proposes a refutation-validated framework for aspect-based sentiment analysis in financial markets, addressing the limitations of correlational studies that cannot distinguish genuine associations from spurious ones. Using X data for the energy sector, we test whether aspect-level sentiment signals show robust, refutation-validated relationships with equity returns. Our pipeline combines net-ratio scoring with z-normalization, OLS with Newey West HAC errors, and refutation tests including placebo, random common cause, subset stability, and bootstrap. Across six energy tickers, only a few associations survive all checks, while renewables show aspect and horizon specific responses. While not establishing causality, the framework provides statistically robust, directionally interpretable signals, with limited sample size (six stocks, one quarter) constraining generalizability and framing this work as a methodological proof of concept.