Estimating the Value of Evidence-Based Decision Making

Alberto Abadie, Anish Agarwal, Guido Imbens, Siwei Jia, James McQueen and Serguei Stepaniants

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Abstract: 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.

Date: 2023-06, Revised 2023-09
New Economics Papers: this item is included in nep-exp
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Persistent link: https://EconPapers.repec.org/RePEc:arx:papers:2306.13681

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