Large language models (LLMs), as one of the most advanced achievements in the field of natural language processing (NLP), have made significant progress in areas such as natural language understanding and generation. However, attempts to achieve the widespread use of these models have met numerous challenges, encompassing technical, social, ethical, and legal aspects. This paper provides a comprehensive review of the various challenges associated with LLMs and analyzes the key issues related to these technologies. Among the challenges discussed are model interpretability, biases in data and model outcomes, ethical concerns regarding privacy and data security, and their high computational requirements. Furthermore, the paper examines how these challenges impact the applications of LLMs in fields such as healthcare, law, media, and education, emphasizing the importance of addressing these issues in the development and deployment of these models. Additionally, solutions for improving the robustness and control of models against biases and quality issues are proposed. Finally, the paper looks at the future of LLM research and the challenges that need to be addressed for the responsible and effective use of this technology. The goal of this paper is to provide a comprehensive analysis of the challenges and issues surrounding LLMs in order to enable the optimal and ethical use of these technologies in real-world applications.

The paper introduces a new concept of social entropy and a new concept of social order, both based on the normative framework of society. From these two concepts, typologies (logical and historical) of societies are inferred and examined in their basic features. To these ends, some well-known concepts such as entropy, order, system, network, synergy, norm, autopoieticity, fetality, and complexity are revisited and placed into an integrated framework. The core body of this paper addresses the structure and the mechanism of social entropy, understood as an institutionally working counterpart of social order. Finally, this paper concludes that social entropy is an artefact, like society itself, and acts through people’s behavior.

Classifying imbalanced data is a well-known challenge in machine learning. One of the fields inherently affected by imbalanced data is credit datasets in finance. In this study, to address this challenge, we employed one of the most recent methods developed for classifying imbalanced data, CorrOV-CSEn. In addition to the original CorrOV-CSEn approach, which uses AdaBoost as its base learning method, we also applied Multi-Layer Perceptron (MLP), random forest, gradient boosted trees, XGBoost, and CatBoost. Our dataset, sourced from the Iran capital market from 2015 to 2022, utilizes the more general and accurate term business failure instead of default. Model performance was evaluated using sensitivity, precision, and F1 score, while their overall performance was compared using the Friedman–Nemenyi test. The results indicate the high effectiveness of all models in identifying failing businesses (sensitivity), with CatBoost achieving a sensitivity of 0.909 on the test data. However, all models exhibited relatively low precision.

This research aims to establish the primary drivers influencing the development and consumers’ decision-making process in web3 games—decentralized games that function according to the play-to-earn paradigm. We observe several types of micro-economies developed within five play-to-earn games and highlight four roles consumers play at any given time. Our study offers a different perspective on rational consumer behaviour in cryptocurrency-based games and paves the way to better understanding their dynamics and evolution. Results shed light on the construction of in-game economies and how individuals of a given type engage in different playing activities. Furthermore, we compare the key features of web3 games with those similar to classic online games and assess if the play-and-earn implementations represent an evolution from previous revenue models. Using our proposed methodology, researchers can compare and classify any P2E games. We conclude by establishing a set of actions that enable consumers to benefit from this new phenomenon.

The most known and used abstract model of the financial market is based on the concept of the informational efficiency (EMH) of that market. The paper proposes an alternative which could be named the behavioural efficiency of the financial market, which is based on the behavioural entropy instead of the informational entropy. More specifically, the paper supports the idea that, in the financial market, the only measure (if any) of the entropy is the available behaviours indicated by the implicit information. Therefore, the behavioural entropy is linked to the concept of behavioural efficiency. The paper argues that, in fact, in the financial markets, there is not a (real) informational efficiency, but there exists a behavioural efficiency instead. The proposal is based both on a new typology of information in the financial market (which provides the concept of implicit information—that is, that information ”translated” by the economic agents from observing the actual behaviours) and on a non-linear (more exactly, a logistic) curve linking the behavioural entropy to the behavioural efficiency of the financial markets. Finally, the paper proposes a synergic overcoming of both EMH and AMH based on the new concept of behavioural entropy in the financial market.