BEFT: Bias-Efficient Fine-Tuning of Language Models

Fine-tuning all-bias-terms stands out among various parameter-efficient fine-tuning (PEFT) techniques, owing to its out-of-the-box usability and competitive performance, especially in low-data regimes. Bias-only fine-tuning has the potential for unprecedented parameter efficiency. However, the link between fine-tuning different bias terms (i.e., bias terms in the query, key, or value projections) and downstream performance remains unclear. The existing approaches, e.g., based on the magnitude of bias change or empirical Fisher information, provide limited guidance for selecting the particular bias term for effective fine-tuning. In this paper, we propose an approach for selecting the bias term to be fine-tuned, forming the foundation of our bias-efficient fine-tuning (BEFT). We extensively evaluate our bias-efficient approach against other bias-selection approaches, across a wide range of large language models (LLMs) spanning encoder-only and decoder-only architectures from 110M to 6.7B parameters. Our results demonstrate the effectiveness and superiority of our bias-efficient approach on diverse downstream tasks, including classification, multiple-choice, and generation tasks.