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We propose a formal approach in which neural predicates serve as a structured, probabilistic mechanism for view generation. In our formulation, structured financial analysis data is processed through a compositional hierarchy of neural predicates whose outputs -- probability distributions over market stances -- are mapped to the pick matrix $\\mathbf{P}$, the view return vector $\\mathbf{q}$, and the view uncertainty matrix $\\boldsymbol{\\Omega}$ of the Black-Litterman model. View confidence is derived from predicate output distributions, providing a data-driven alternative to subjective uncertainty elicitation. The resulting approach is interpretable, in the sense that any portfolio weight can be traced back through the pre","title":"Grounding Investor Views: Neural Predicates in the Black-Litterman Model","url":"https://arxiv.org/abs/2607.20533","vendor":"arxiv_cs_ai"},"summary":"arXiv:2607.20533v1 Announce Type: cross \nAbstract: Portfolio construction under the Black-Litterman model requires investors to specify views on asset returns alongside explicit uncertainty estimates -- a process that remains largely subjective and difficult to scale. We propose a formal approach in which neural predicates serve as a structured, probabilistic mechanism for view generation. In our formulation, structured financial analysis data is processed through a compositional hierarchy of neural predicates whose outputs -- probability distributions over market stances -- are mapped to the pick matrix $\\mathbf{P}$, the view return vector $\\mathbf{q}$, and the view uncertainty matrix $\\boldsymbol{\\Omega}$ of the Black-Litterman model. View confidence is derived from predicate output distributions, providing a data-driven alternative to subjective uncertainty elicitation. The resulting approach is interpretable, in the sense that any portfolio weight can be traced back through the pre","title":"Grounding Investor Views: Neural Predicates in the Black-Litterman Model","vendor":"arxiv_cs_ai"},"confidence":{"method":"deterministic"},"decision":"POSITIVE","issued_at":"2026-07-24T04:43:08Z","notes":"Spider vendor_press (news) news.vendor_press.v1","object":{"captured_by":"crovia.spider.vendor_press","primary_source_url":"https://arxiv.org/abs/2607.20533"},"predecessors":[],"schema":"crovia.axiom.v1","signature":"ed25519:4fe9fb924b61d5f1bbd4602cffd0413a01d9f47efdfab5b5557405a00d783de766f4f373e453586dae0bee25244b1c06d001a69de87b147728fa57493d9f1402","signer":"crovia.substrate","subject":{"observed_at":"2026-07-24T04:43:08Z","source_collector":"spider:vendor_press","target_id":"https://arxiv.org/abs/2607.20533"},"tsa":{"authority":"crovia.substrate.bootstrap","rfc3161_token":"{\"kind\":\"crovia.bootstrap.tsa\",\"source_jsonl\":\"/opt/crovia/spider/data/news/vendor_press_v1.jsonl\",\"source_seal_merkle_root\":\"spider_vendor_press_v1\",\"upgrade_path\":\"Sessione H \\u2014 OpenTimestamps weekly anchor\"}"},"zk_mode":"clear","zk_proof":null},"ledger":{"leaf_hash":"7dea57eafda55c48bc352274078ea51ea4d591759f7f49daa4ad1e16a0d24292","leaf_index":347099,"ledger_path":"/opt/crovia/substrate/axiom_ledger.jsonl"},"merkle_proof":{"hash_alg":"sha256","leaf_prefix":"0x00","node_prefix":"0x01","odd_leaf_rule":"duplicate_last","path":[{"sibling":"9c4f0fee7277bc5f0e956f3c337a96f57d16033858235d9222fba5bfc109c8bd","side":"left"},{"sibling":"44ae10bcbe5fd75728ad33feef8f620d09a0ffcdb1c0affb0fc86428a089dd6e","side":"left"},{"sibling":"99bac8dc41419232b8c6e494c4a6d6ca808c4bb92f9e6585f440ef92adda6377","side":"right"},{"sibling":"13ac040867958e772335599d23486ebedca7925b0383457f55f0257915f1358a","side":"left"},{"sibling":"2dfbc13bc39c116dfe427aee6daeed8196b9e872929eccdbcfa59c7eac341f27","side":"left"},{"sibling":"4d8b28070d03d775f65451827e70f9745f46ebd52a789bb58017cc131daea837","side":"right"},{"sibling":"6e5ec24395016924071a2abf7fd7f0af4b051b79f2520dd364c3dc7994030f1d","side":"left"},{"sibling":"735b40cd86add2eb12982a84f45647b35267af61e771b38192432357dac71eb1","side":"left"},{"sibling":"c212fcc83c532c0321804b72fe72b546946bb055d3d482aab19c43f5bebfbf3f","side":"left"},{"sibling":"da189c159d0789c2229cf3731890cc753832dab1aa83e4bbf0fac01955c22cd8","side":"left"},{"sibling":"3a02ed8ea41a09957282e4e27db74ed88cd675156461abb02acb28e2cd257e63","side":"right"},{"sibling":"d3139af8c5ce235438e1c69e4b7afa44ba09129fd86674968434f23e546f423e","side":"left"},{"sibling":"cb89775a838ee16d10fc8da3213420c2012b4d96e8d55cd49939b0887a4b92d3","side":"right"},{"sibling":"252d30ea8052c3bb6b40bc5cc29fc9b9725343d212f84c08fbbae4215a125b00","side":"right"},{"sibling":"f3e45bceed774d2402fa45d41ff5190f295823bd2f216eb90157884150034693","side":"left"},{"sibling":"3cfa2102c0224815c6f3bf73e6710e24103f43f7bf5da1ca2abad1416d9c0890","side":"right"},{"sibling":"77025bcb374a7ad74f520643e20a8ae1205a7ee78507b0beb93117760f1c29d3","side":"left"},{"sibling":"e871fd7edf9b2ad89bce1609a028f5225eea4d14372169bac242420830f86530","side":"right"},{"sibling":"1cecb7f447febd025aac272837c80de218aecc6485d2395a509b2a1f1b9c746e","side":"left"}]},"schema":"crovia.axiom_proof.v1","seal":{"first_collector_run_id":"","first_receipt_hash":"","jsonl_path":"/opt/crovia/substrate/axiom_ledger.jsonl","key_id":"430895f101d38164","last_collector_run_id":"","last_receipt_hash":"","leaf_count":347413,"merkle_root":"9efe042c5dd6583dfd3b6a58fbfc289807f60bcf2bd2927f10488a54a8ba11fc","public_key_hex":"cf742e26f75669dc673cb5c0786a1ae23ae8ca19c347317192ce40c28a7ff25c","run_id":"hourly_json_retrofit_20260724T053701Z","schema":"crovia.seal.v1","seal_family_version":"crovia-seal-family/1","seal_kind":"substrate_batch","sealed_at":"2026-07-24T05:38:42Z","sig_algorithm":"ed25519","signature":"8633c55f558d42994850505218b2862c6134bad2b1c80d4b80736c2fd3ea7a19690ca3498727a8adbdc47791176128a8d64bef0883b888db809f0477355bd00c","signer_version":"1.1.0"},"trust_root":{"key_id":"430895f101d38164","public_key_hex":"cf742e26f75669dc673cb5c0786a1ae23ae8ca19c347317192ce40c28a7ff25c","signature_algorithm":"ed25519","url":"/registry/canon/TRUST_ROOT.md"},"verifier":{"spec":"/registry/canon/AXIOM_RECEIPT_v1.md","url":"/v/axm_fe9786c397fe62f67b8c098f67187f4687a6f49f32ce17ccb56c4a0354457288"}}