Estimating the Value of Evidence-Based Decision Making

21 Jun 2023 · Alberto Abadie, Anish Agarwal, Guido Imbens, Siwei Jia, James McQueen, Serguei Stepaniants ·

Business/policy decisions are often based on evidence from randomized experiments and observational studies. In this article we propose an empirical framework to estimate the value of evidence-based decision making (EBDM) and the return on the investment in statistical precision.

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