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Not-a-Bandit: Provably No-Regret Drafter Selection in Speculative Decoding for LLMs

ICLR 2026 · Large language models › Reasoning and chain of thought · approach: Speculative decoding · 0 citations (OpenAlex)

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Proposes HedgeSpec, a full-information online learner that selects among multiple draft models for speculative decoding by counterfactually estimating every drafter's acceptance length from one target trajectory, with no-regret guarantees.

Problem

Online drafter selection in speculative decoding: choosing, per query, which of several draft models to use so performance matches the best drafter in hindsight, without extra target-model calls.

Approach

Instead of bandit feedback that reveals only the chosen drafter's acceptance, an off-policy estimator uses a single verified target trajectory to compute an unbiased acceptance-length estimate for all drafters, turning the problem into full-information online learning (NormalHedge with delayed feedback) with regret that scales with log N rather than exponentially worse bandit rates.

Key results

Surprising findings

Limitations

Experimental setup

Datasets: Python Math Biology Chemistry MedQA CNN_DM SQL GSM8K HumanEval

Benchmarks: Python Math Biology Chemistry MedQA CNN_DM SQL GSM8K HumanEval

Metrics: MAT (mean accepted tokens) Token/s cumulative regret speedup

Baselines: EAGLE-3 UCBSpec EXP3Spec Static BERT router LLaMA-3.1-8B-IT autoregressive decoding

Builds on: EAGLE-3 BanditSpec MetaSD NormalHedge Hedge

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