After regularising a transition amplitude, we end up with an expression which depends on regularisation scale. This means that our physical observables like cross section will be a function of regularisation scale. But I am not sure which value we should choose for such regulator.
Let’s give a simple example of scattering amplitude for $\phi \phi \to \phi \phi$ in $\phi^4$ theory at one loop order:
Using, say, Pauli Villars Regularisation, four-point function reads: $$ \Gamma_4 = -i \lambda \left( 1-\frac{3\lambda}{16\pi^2} \ln \frac{\Lambda}{m}-\frac{1}{2} \right)$$ Where $m$ is mass, and $\Lambda$ is regularisation scale.
In this case, which value should I use for $\Lambda$ to compute the correct cross-section?