# Look Within or Look Beyond? A Theoretical Comparison Between Parameter-Efficient and Full Fine-Tuning

arXiv: https://arxiv.org/abs/2505.22355 · HTML: https://mlsanity.com/paper/2505.22355/

## Key facts

- Cited by 3 papers in the map (data through 14 Oct 2026).
- Builds on 46 of its 69 references that are in the map.
- First posted on arXiv 28 May 2025.

## Builds on (most cited first, 30 of 46)

- [Attention Is All You Need](https://mlsanity.com/paper/1706.03762/) (2017)
- [RoBERTa: A Robustly Optimized BERT Pretraining Approach](https://mlsanity.com/paper/1907.11692/) (2019)
- [Llama 2: Open Foundation and Fine-Tuned Chat Models](https://mlsanity.com/paper/2307.09288/) (2023)
- [Training Verifiers to Solve Math Word Problems](https://mlsanity.com/paper/2110.14168/) (2021)
- [Judging LLM-as-a-Judge with MT-Bench and Chatbot Arena](https://mlsanity.com/paper/2306.05685/) (2023)
- [Scaling Laws for Neural Language Models](https://mlsanity.com/paper/2001.08361/) (2020)
- [BART: Denoising Sequence-to-Sequence Pre-training for Natural Language Generation, Translation, and Comprehension](https://mlsanity.com/paper/1910.13461/) (2019)
- [GLUE: A Multi-Task Benchmark and Analysis Platform for Natural Language Understanding](https://mlsanity.com/paper/1804.07461/) (2018)
- [Prefix-Tuning: Optimizing Continuous Prompts for Generation](https://mlsanity.com/paper/2101.00190/) (2021)
- [The Power of Scale for Parameter-Efficient Prompt Tuning](https://mlsanity.com/paper/2104.08691/) (2021)
- [OPT: Open Pre-trained Transformer Language Models](https://mlsanity.com/paper/2205.01068/) (2022)
- [Mistral 7B](https://mlsanity.com/paper/2310.06825/) (2023)
- [A Broad-Coverage Challenge Corpus for Sentence Understanding through Inference](https://mlsanity.com/paper/1704.05426/) (2017)
- [Character-level Convolutional Networks for Text Classification](https://mlsanity.com/paper/1509.01626/) (2015)
- [Know What You Don't Know: Unanswerable Questions for SQuAD](https://mlsanity.com/paper/1806.03822/) (2018)
- [Sharpness-Aware Minimization for Efficiently Improving Generalization](https://mlsanity.com/paper/2010.01412/) (2020)
- [BitFit: Simple Parameter-efficient Fine-tuning for Transformer-based Masked Language-models](https://mlsanity.com/paper/2106.10199/) (2021)
- [Spider: A Large-Scale Human-Labeled Dataset for Complex and Cross-Domain Semantic Parsing and Text-to-SQL Task](https://mlsanity.com/paper/1809.08887/) (2018)
- [Multilingual Denoising Pre-training for Neural Machine Translation](https://mlsanity.com/paper/2001.08210/) (2020)
- [Few-Shot Parameter-Efficient Fine-Tuning is Better and Cheaper than In-Context Learning](https://mlsanity.com/paper/2205.05638/) (2022)
- [GLM-130B: An Open Bilingual Pre-trained Model](https://mlsanity.com/paper/2210.02414/) (2022)
- [Seq2SQL: Generating Structured Queries from Natural Language using Reinforcement Learning](https://mlsanity.com/paper/1709.00103/) (2017)
- [Parameter-Efficient Fine-Tuning for Large Models: A Comprehensive Survey](https://mlsanity.com/paper/2403.14608/) (2024)
- [Adversarial Examples for Evaluating Reading Comprehension Systems](https://mlsanity.com/paper/1707.07328/) (2017)
- [Compacter: Efficient Low-Rank Hypercomplex Adapter Layers](https://mlsanity.com/paper/2106.04647/) (2021)
- [Measuring the Intrinsic Dimension of Objective Landscapes](https://mlsanity.com/paper/1804.08838/) (2018)
- [LLM-Adapters: An Adapter Family for Parameter-Efficient Fine-Tuning of Large Language Models](https://mlsanity.com/paper/2304.01933/) (2023)
- [Identifying and attacking the saddle point problem in high-dimensional non-convex optimization](https://mlsanity.com/paper/1406.2572/) (2014)
- [Adversarial GLUE: A Multi-Task Benchmark for Robustness Evaluation of Language Models](https://mlsanity.com/paper/2111.02840/) (2021)
- [On the Robustness of ChatGPT: An Adversarial and Out-of-distribution Perspective](https://mlsanity.com/paper/2302.12095/) (2023)

## Built on by (most cited first, 3 of 3)

- [High-Rank Structured Modulation for Parameter-Efficient Fine-Tuning](https://mlsanity.com/paper/2601.07507/) (2026)
- [SMoA: Spectrum Modulation Adapter for Parameter-Efficient Fine-Tuning](https://mlsanity.com/paper/2605.21147/) (2026)
- [ChunkFT: Byte-Streamed Optimization for Memory-Efficient Full Fine-Tuning](https://mlsanity.com/paper/2605.21177/) (2026)

## Abstract (arXiv)

Parameter-Efficient Fine-Tuning (PEFT) methods achieve performance comparable to Full Fine-Tuning (FFT) while requiring significantly fewer computing resources, making it the go-to choice for researchers. We find that although PEFT can achieve competitive results on some benchmarks, its performance falls short of FFT in complex tasks, such as reasoning and instruction-based fine-tuning. In this paper, we compare the characteristics of PEFT and FFT in terms of representational capacity and robustness based on optimization theory. We theoretically demonstrate that PEFT is a strict subset of FFT. By providing theoretical upper bounds for PEFT, we show that the limited parameter space constrains the model's representational ability, making it more susceptible to perturbations. Experiments on 15 datasets encompassing classification, generation, reasoning, instruction fine-tuning tasks and 11 adversarial test sets validate our theories. We hope that these results spark further research beyond the realms of well established PEFT. The source code is in the anonymous Github repositoryfootnotehttps://github.com/misonsky/PEFTEval.