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Consider a $m$-round interactive protocol with soundness error $1/2$. How much extra randomness is required to decrease the soundness error to $\delta$ through parallel repetition? Previous work, initiated by Bell are, Goldreich and Gold wasser, shows that for \emph{public-coin} interactive protocols with \emph{statistical soundness}, $m \cdot O(\log (1/\delta))$ bits of extra randomness suffices. In this work, we initiate a more general study of the above question. \begin{itemize}\item We establish the first derandomized parallel repetition theorem for public-coin interactive protocols with \emph{computational soundness} (a.k.a. arguments). The parameters of our result essentially matches the earlier works in the information-theoretic setting. \item We show that obtaining even a sub-linear dependency on the number of rounds $m$ (i.e., $o(m) \cdot \log(1/\delta)$) is impossible in the information-theoretic, and requires the existence of one-way functions in the computational setting. \item We show that non-trivial derandomized parallel repetition for private-coin protocols is impossible in the information-theoretic setting and requires the existence of one-way functions in the computational setting. \end{itemize} These results are tight in the sense that parallel repetition theorems in the computational setting can trivially be derandomized using pseudorandom generators, which are implied by the existence of one-way functions.