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How many data points is a prompt worth?

• Prompts are interesting because they allow a practitioner to give information to the model, although in a very different fashion from standard ML supervision. In our NAACL 2021 paper with Sasha Rush, we investigate prompt-based fine-tuning, a promising alternative fine-tuning approach, and find that prompts often yield an edge over the standard approach. As we interpret a prompt as additional human-crafted information for the model, we measure that edge in terms of data points and quantify: how many data points is a prompt worth?

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