Greedy vs Beam Search Decoding
Decoding turns a model's per-token probabilities into an output sequence, and the strategy affects determinism, quality, and cost. Greedy decoding commits to the most likely token at every step, never reconsidering. Beam search hedges by tracking several partial sequences, or beams, and at each step keeps the top combinations by cumulative probability, so it can recover from a locally tempting but globally worse choice. Both are deterministic, unlike temperature sampling. For the short, structured outputs typical of filing extraction, the practical difference is smaller than for long open-ended generation. This matrix compares them.
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Selects the single highest-probability token at each step with no lookahead. Deterministic, fast, and the simplest decoding strategy.
Pros
- Fast and cheap: one forward path, no extra candidate sequences to maintain
- Deterministic, giving reproducible output that aids debugging and auditing
- Adequate for short, structured extraction where the high-probability path is usually correct
- Simple to implement and reason about, the default for many extraction pipelines
Cons
- Myopic: a locally best token can lead into a globally worse sequence with no recovery
- Can get stuck in repetition loops on open-ended generation
- No exploration of alternative phrasings, which occasionally matters for fluency
- Cannot enforce a globally higher-probability sequence the way beam search can
Short structured extraction, deterministic and auditable output, and high-volume pipelines where speed and reproducibility matter
Maintains several candidate sequences in parallel and expands the highest cumulative-probability combinations, choosing the best overall sequence at the end.
Pros
- Finds higher-probability sequences than greedy by considering several paths at once
- Recovers from a locally tempting token that greedy would commit to and regret
- Deterministic and useful for constrained generation where the global sequence matters
- Beam width tunes the quality-versus-cost tradeoff explicitly
Cons
- Several times the compute of greedy, scaling with the beam width
- Tends toward bland, safe, or repetitive output, the well-known beam-search degeneration
- Higher probability is not always better text, so it can underperform on open generation
- Rarely helps for short structured extraction where the greedy path is already correct
Constrained generation and tasks where the globally most probable sequence matters, less so short structured extraction
Decision Table
See the tradeoffs side by side
| Criterion | Greedy Decoding | Beam Search |
|---|---|---|
| Lookahead | None, token by token | Keeps several candidate paths |
| Determinism | Yes | Yes |
| Compute cost | Low | Higher, scales with beam width |
| Finds global optimum | No, myopic | Closer, still approximate |
| Output tendency | Direct, can loop | Bland, can repeat |
| Fit for short extraction | Good default | Rarely worth the cost |
Verdict
For the extraction tasks that dominate finance LLM work, short structured outputs like a number, a date, or a small JSON object, greedy decoding at temperature zero is the right default: it is fast, deterministic, reproducible for auditing, and on these tasks the highest-probability path is almost always the correct one, so beam search's global search buys little. Beam search is genuinely useful when the globally most probable sequence matters and a single greedy misstep would derail the whole output, as in constrained generation, but it costs several times the compute, and its well-documented tendency to produce bland or repetitive text means higher sequence probability does not always mean better output. So reserve beam search for the narrow cases where global optimality clearly helps, and use greedy for everything else. Note that both are deterministic and distinct from temperature sampling and self-consistency, which deliberately introduce randomness to explore reasoning diversity; if you want exploration, that is a different axis than greedy versus beam.
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FAQ
Questions people ask next
The short answers readers usually want after the first pass.
Sources & References
- The Curious Case of Neural Text Degeneration — Holtzman et al., ICLR (2020)
- Speech and Language Processing — Jurafsky and Martin (3rd ed. draft)
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