Paper: Max reasoning effort costs up to 42x more and often fails tasks lower effort solves

zainhas · x · 2026-10-29

An arXiv paper measures the counterfactual effect of reasoning-effort levels on proprietary and open-weight models across four benchmarks, spanning single-call reasoning and long-horizon agentic tasks.

The authors frame reasoning effort as a credence good: buyers see the outcome but can't assess whether the compute they paid for was necessary.

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