Estimating the Value of Evidence-Based Decision Making
Abadie, Alberto, Agarwal, Anish, Imbens, Guido, Jia, Siwei, McQueen, James, Stepaniants, Serguei
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.
Sep-9-2023