2003
DOI: 10.1002/pst.43
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Case study in the Bayesian analysis of a cost‐effectiveness trial in the evaluation of health care technologies: Depression

Abstract: We present a case study based on a depression study that will illustrate the use of Bayesian statistics in the economic evaluation of cost-effectiveness data, demonstrate the benefits of the Bayesian approach (whilst honestly recognizing any deficiencies) with respect to frequentist methods, and provide details of using the methods, including computer code where appropriate.

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Cited by 9 publications
(6 citation statements)
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“…To show the effect of including covariates we also present the results obtained from the Bayesian models without covariates, proposed by Stevens et al [39], for quantitative and binary effectiveness.…”
Section: Resultsmentioning
confidence: 99%
“…To show the effect of including covariates we also present the results obtained from the Bayesian models without covariates, proposed by Stevens et al [39], for quantitative and binary effectiveness.…”
Section: Resultsmentioning
confidence: 99%
“…The examples to date relate to the elicitation of prior beliefs in clinical trials and survival analysis . Elicited data has also been seldom used in both stochastic cost effectiveness analysis (where the data on net costs and net effects of alternative treatments generated within a trial is updated with prior information on these) and in decision modelling . Although there is increasing awareness of the advantages of using elicitation , the design and conduct of elicitation needs to be further explored to assess its potential feasibility and to facilitate the transference of guidance from the existing elicitation literature (mainly relevant for eliciting parameters of statistical models rather than decision models).…”
Section: Discussionmentioning
confidence: 99%
“…The second outcome (e 2ij ) is continuous, and so we assume it to be normally distributed. We also recognize the skewness in the cost data; thus it is realistic to assume that the cost is log-normally distributed [16,22].…”
Section: Model Speci¢cationmentioning
confidence: 99%