Exploit More, Explore Smarter for Budget-Constrained Agentic Search

Haoyang Fang, Bernie Wang


Abstract
Budget-constrained agentic search arises when an LLM agent must refine candidates under a small evaluation budget, because validation is expensive, generation requires multiple model calls, or both. In this regime, standard MCTS allocates budget poorly: exploration bonuses dominate at low visit counts, unpromising siblings are expanded before promising chains can deepen, and branching is independent of node quality. We introduce ExTS, a tree-search policy that treats expansion itself as a value-of-information decision. ExTS combines three mechanisms: discriminative reward shaping to separate candidates under narrow score distributions, a stochastic virtual child that estimates the value of creating a new branch from the parent’s reward history, and quality-conditioned branching that expands only when a node’s score justifies the budget cost. Across prompt optimization, code generation, molecular structure elucidation, and agentic workflow optimization, ExTS is competitive with or improves over task-specific tree-search baselines, with an average relative gain of +5.5% using a single fixed configuration. We further introduce pilot-run diagnostics that characterize what makes budget-constrained agentic search problems structurally different from one another, providing both understanding of the problem space and practical guidance for adaptation.
Anthology ID:
2026.findings-emnlp.1883
Volume:
Findings of the Association for Computational Linguistics: EMNLP 2026
Month:
October
Year:
2026
Address:
Budapest, Hungary
Editors:
Hung-Yi Lee, Sunipa Dev, Jessy Li, Desmond Elliott
Venue:
Findings
SIG:
SIGDAT
Publisher:
Association for Computational Linguistics
Note:
Pages:
40147–40165
Language:
URL:
https://aclanthology.org/2026.findings-emnlp.1883/
DOI:
Bibkey:
Cite (ACL):
Haoyang Fang and Bernie Wang. 2026. Exploit More, Explore Smarter for Budget-Constrained Agentic Search. In Findings of the Association for Computational Linguistics: EMNLP 2026, pages 40147–40165, Budapest, Hungary. Association for Computational Linguistics.
Cite (Informal):
Exploit More, Explore Smarter for Budget-Constrained Agentic Search (Fang & Wang, Findings 2026)
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PDF:
https://aclanthology.org/2026.findings-emnlp.1883.pdf