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The standard model is successful at describing most of the data at the electroweak scale, but there are indications that new physics should exist at a higher energy scale. To identify, quantify, and elucidate the new physics, one can use the framework of the standard model effective field theory. This article reviews the construction and theoretical tools provided by the effective field theory for analyzing the present and future experimental data, as well as theoretical ideas for new physics.
Isidori et al. (Tue,) studied this question.