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Legibility is Not Interpretability: Comparing Judged and Actual Importance in Chain-Of-Thought Reasoning

Reasoning traces from chain-of-thought models appear to offer a legible window into how a model arrives at its answer.

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Blended score 0.398 — every figure below is computed, none of it is editorial.
FactorWeightScore ContributionWhere it came from
Corroboration 0.35 0.39 +0.135 34% 1 independent org on the story. Tier-3 aggregators never corroborate — they can show something is circulating, never that it is true.
Source trustleads 0.25 0.85 +0.212 53% arXiv is the highest-trust source on this story and is first-party — the organisation announcing its own news. Trust is taken from the best source, not averaged.
Pickup rate 0.20 0.00 +0.000 0% One counted organisation, so there is no spread to measure — nothing has picked this up to set a rate.
Freshness 0.20 0.25 +0.050 13% Halves every 10 hours from the newest item on the story. This is the only factor that rewards a story for nothing more than being recent.

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U.S. Navy. Naval Aerospace Medical Research Laboratory · Public domain · Wikimedia Commons · illustrative
Read the full article at Arxiv →

What happened

Reasoning traces from chain-of-thought models appear to offer a legible window into how a model arrives at its answer. A growing body of work treats them as such, using LLM judges to diagnose errors, evaluate faithfulness, and provide step-level supervision via process reward models and generative critics. These practices rely on the text of a reasoning step carrying information about its functional role. But does the text actually encode information about which reasoning steps matter? We operationalize the importance of a reasoning step as its advantage: the change in expected reward, e.g., producing the correct final answer, from including that step, estimated via Monte Carlo rollouts.

1independent orgs
40story score
0velocity
85source trust
4passes seen

How this story arrived

Ordered by when each source was first observed, which is what the velocity figure is computed from. Publishers backdate; observed order does not.

  1. 01 Arxivfirst-party first seen Legibility is Not Interpretability: Comparing Judged and Actual Importance in Chain-Of-Thoug

Overclock clusters coverage from independent sources and grades it automatically. The figures above are computed, not editorial. This page summarises and links to reporting by the outlets named — follow the links for the original work.