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.

翻译：商业/政策决策通常基于随机实验和观察性研究中的证据。本文提出了一个实证框架，用以估计基于证据的决策（EBDM）的价值以及统计精度投资的回报。