Epistemic Calibration and Latency Advantages of System One Probabilistic Agents in Limit Order Book Microstructure: An Empirical and Multi-Agent Evaluation
Autoregressive Large Language Models (LLMs) operating under the deliberative System Two paradigm encounter severe structural bottlenecks when deployed in electronic financial markets: token-by-token sequential decoding induces unacceptable execution latencies (3,500-12,000 ms), unstructured text outputs trigger syntact...