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Qianqian Xie

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2025

Enhanced Expert Merging for Mixture-of-Experts in Graph Foundation Models

Graph foundation models (GFMs) have emerged as a promising paradigm for learning transferable knowledge across diverse graph-structured data. The inherent heterogeneity in features and graph structures poses significant challenges for building scalable and generalizable GFMs. Existing research has employed mixture-of-experts (MoE) models to handle the challenges, assigning the most suitable expert to each graph. Despite this, the underlying mechanisms of MoE within the context of GFMs remain insufficiently explored. In this work, we conduct an in-depth experimental study on an MoE-based GFM and uncover an intriguing finding: the experts ranked second and third assigned by the router perform better than the top-ranked expert. This insight motivates us to investigate the potential of leveraging knowledge embedded across multiple experts. However, directly ensembling the outputs of multiple experts would incur substantial computational overhead, while applying a standard expert merging strategy risks suboptimal performance. To address these challenges, we introduce two enhanced expert merging strategies that retain the computational efficiency of expert merging, while improving performance to approach the effectiveness of expert ensembling. Specifically, we propose (i) a knowledge distillation-inspired expert merging method that aligns the behavior of parameter-fused experts with expert ensembles, and (ii) a theoretical parameter proximity approach that leverages the similarity of expert parameters to approximate ensemble outputs while preserving diversity. Extensive experiments demonstrate that our methods effectively enhance model performance.

Lei Liu, Xingyu Xia, Qianqian Xie et al. · 4 citations
Preprint Aug 2026

ShiJianBench: From Dialogue to Decision for Long-Horizon Evaluation of Investment Advisors

Conversational investment advisors influence not only what users know, but also how they make subsequent decisions as market conditions evolve. Existing evaluations primarily assess response quality or observed outcomes, leaving the long-horizon pathway from advisor language to investor behavior difficult to audit. We introduce ShiJianBench, an offline framework for evaluating conversational investment advisors through matched investor trajectories under fixed historical market feedback. At its core is a multi-agent investor simulator with explicit evolving state variables, motive-driven deliberation, long-term memory, and dialogue-grounded updates. The simulator is calibrated against aggregate behavioral patterns from 7,199 real users, and advisor policies are evaluated using separate investor-side, service-side, and content-side metrics under a hard compliance gate. Experiments on Chinese fund-market traces from 2021 to 2026 identify a stable leading group of LLM advisors that combines substantially stronger personalized content with competitive investor-side trajectory outcomes. These results reveal a systematic distinction between producing a high-quality response and delivering an effective long-horizon intervention, motivating trajectory-aware evaluation of conversational advisors.

Jie Gong, Maowei Jiang, Zhiwei Liu et al. · 0 citations

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