“…The DEDUCE model assigns costs and utilities according to the complications and acute diabetic events (ADEs; severe hypoglycaemic events [SHEs], non‐severe hypoglycaemic events [NSHEs] and diabetic ketoacidosis [DKA]) experienced by each simulated patient, with the incidence and history of complications updated each cycle. Diabetes‐related complications are modelled in DEDUCE using the RECODe risk engine, which was developed using data from the Action to Control Cardiovascular Risk in Diabetes (ACCORD) trial 21–23 . For each complication, the risk in each year is predicted as a function of patients' age, gender, ethnicity, smoking status, cardiovascular history, systolic blood pressure, medication use, HbA1c, total cholesterol level, high‐density lipoprotein cholesterol level, serum creatinine level, and urine albumin: creatinine ratio (Table 1).…”