arXiv:2512.22608cs.AIcs.CE2025-12被引 1

用角色扮演的多智能体模拟风险投资决策,提升创业公司成功率预测

Beyond Isolated Investor: Predicting Startup Success via Roleplay-Based Collective Agents

  • 设计角色化智能体与图神经网络,模拟真实投资人互动决策
  • 在平均精度@10上相对提升约25%,对网络中心型企业效果更显著
  • 可解释性强,适用于需群体判断的复杂决策场景

由于创业公司价值高且失败率高,预测其成功至关重要。现有方法多从单一决策者视角建模,忽视了现实中风投决策中的集体动态。本文提出SimVC-CAS,一个基于角色扮演的多智能体系统,将融资预测重构为群体决策任务。通过设计具有不同特质和偏好的投资者智能体,结合图神经网络驱动的交互模块,在图结构化的共投网络中实现异质性评估与真实信息交换。利用经过严格防泄漏控制的私有与公开风投数据,实验表明该模型在平均精度@10上实现约25%的相对提升,且结果与真实投资人决策高度一致。交互机制对网络中心型初创企业尤为有效,验证了网络在风投决策中的关键作用。对智能体推理过程的分析进一步揭示了网络环境如何影响决策质量,体现了系统的可解释性。该方法有望推广至更广泛的群体决策场景。

原文摘要 · Abstract (English)

Due to the high value and high failure rates of startups, predicting their success is a critical challenge. Existing approaches typically model startup success from a single decision-maker's perspective, overlooking the collective dynamics that dominate real-world venture capital (VC) decision-making. We propose SimVC-CAS, a collective agent system that simulates VC decisions as a multi-agent interaction process. By designing role-playing agents and a GNN-based supervised interaction module, we reformulate startup financing prediction as a group decision-making task, capturing both enterprise fundamentals and investor network dynamics. Each agent represents an investor with distinct traits and preferences, enabling heterogeneous evaluations and realistic information exchange over a graph-structured co-investment network. Using both proprietary and public VC data with strict anti-leakage controls, we show that SimVC-CAS significantly improves predictive performance, achieving approximately 25% relative improvement in average precision@10, while exhibiting consistency with real investor decisions. The interaction mechanism is particularly effective for network-central startups, confirming the importance of network in VC decision-making. Analysis of agents' reasoning for decision changes further reveals how network environment influence decision quality, demonstrating the system's interpretability. Our approach may generalize to broader group decision-making scenarios.

多智能体风投预测图神经网络可解释性

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