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Record W4415499254 · doi:10.54195/irrj.22626

Effectiveness of In-Context Learning for Due Diligence

2025· article· en· W4415499254 on OpenAlexfundno aff
M. K. Dwivedi, Jaap Kamps

Bibliographic record

VenueInformation Retrieval Research · 2025
Typearticle
Languageen
FieldComputer Science
TopicTopic Modeling
Canadian institutionsnot available
FundersNederlandse Organisatie voor Wetenschappelijk OnderzoekUniversiteit van AmsterdamCanadian Institute of Steel Construction
KeywordsDue diligenceDependency (UML)Python (programming language)DiligenceTask (project management)Natural language

Abstract

fetched live from OpenAlex

In recent years, Information Retrieval (IR) has evolved from ad hoc document retrieval to passage and answer retrieval, incorporating downstream Natural Language Processing (NLP). This led to remarkable progress in models when evaluated on early precision, yet at the same time, the potential to improve recall aspects has received less attention. This paper investigates an extremely high-recall task by a reproducibility study on a massive collection of merger and acquisition documents in due diligence passage retrieval. We have replicated previous work using Conditional Random Fields (CRF) and introduced a Python version of the effective CRFsuite approach. In addition, we explore the utility of open-source and closed-source Large Language Models (LLMs) with zero-shot and few-shot learning techniques on 50 different due diligence topics. Our findings reveal the potential for few-shot learning in due diligence, delivering acceptable levels of performance in terms of recall, marking an essential step towards developing advanced due diligence models that minimize the dependency on extensive training data typically required by domain-specific IR and NLP models. More generally, our results are an important first step toward developing advanced due diligence models for any legal information need.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

How this classification was reachedexpand

Full frame distilled prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. Learned from the 10,348 direct Codex labels and 10,348 direct Gemma labels. Candidate is the union of thresholded teacher heads; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels or direct frontier model labels.

metaresearch head score (Codex)0.005
metaresearch head score (Gemma)0.003
Version: codex-gemma-dda1882f352aValidation status: machine_predicted_unvalidated
Candidate categoriesnone
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Simulation or modeling · Consensus signal: none
GenreCandidate signal: Empirical · Consensus signal: none
Teacher disagreement score0.826
Threshold uncertainty score0.381

Codex and Gemma teacher scores by category

CategoryCodexGemma
Metaresearch0.0050.003
Meta-epidemiology (narrow)0.0000.000
Meta-epidemiology (broad)0.0000.000
Bibliometrics0.0010.001
Science and technology studies0.0000.000
Scholarly communication0.0000.001
Open science0.0010.000
Research integrity0.0000.000
Insufficient payload (model declined to judge)0.0000.000

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.049
GPT teacher head0.384
Teacher spread0.335 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it

Classification

machine, unvalidated

Machine predicted; a candidate call from one teacher head, not a consensus.

The models applied no category: nothing in the taxonomy fit this work.
Study designSimulation or modeling
Domainnot available
GenreEmpirical

How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".

Quick stats

Citations0
Published2025
Admission routes1
Has abstractyes

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