@article{testtimescalinginthewildwhyexploitationn,
  title = {Test-Time Scaling in the Wild: Why Exploitation, Not Exploration, Is the Bottleneck},
  author = {Davide Romano and Kanak Raj and Jerrod Parker and Daniele Giofrè},
  year = {2026},
  eprint = {2608.18931},
  archivePrefix = {arXiv},
  url = {https://arxiv.org/abs/2608.18931},
}