Multi-Agent LLMs for Adaptive Acquisition in Bayesian Optimization

arXiv:2603.28959v1 Announce Type: cross Abstract: The exploration-exploitation trade-off is central to sequential decision-making and black-box optimization, yet how Large Language Models (LLMs) reason about and manage this trade-off remains poorly understood. Unlike Bayesian Optimization, where exploration and exploitation are explicitly encoded through acquisition functions, LLM-based optimization relies on implicit, prompt-based reasoning over historical evaluations, making search behavior di