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Methodological Note: Reporting Deterministic versus Probabilistic Results of Markov, Partitioned Survival and Other Non-Linear Models
by
Wilson, Edward C. F.
in
Analysis
/ Cost analysis
/ Decision making
/ Decision theory
/ Economic models
/ Economics
/ Expected values
/ Health Administration
/ Health Economics
/ Linear analysis
/ Markov analysis
/ Markov chains
/ Medical decision making
/ Medicine
/ Medicine & Public Health
/ Monte Carlo simulation
/ Nonlinear analysis
/ Pharmacoeconomics and Health Outcomes
/ Practical Application
/ Probability
/ Public Health
/ Quality of Life Research
/ Remission (Medicine)
/ Sampling
/ Sensitivity analysis
/ Survival
/ Uncertainty
2021
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Methodological Note: Reporting Deterministic versus Probabilistic Results of Markov, Partitioned Survival and Other Non-Linear Models
by
Wilson, Edward C. F.
in
Analysis
/ Cost analysis
/ Decision making
/ Decision theory
/ Economic models
/ Economics
/ Expected values
/ Health Administration
/ Health Economics
/ Linear analysis
/ Markov analysis
/ Markov chains
/ Medical decision making
/ Medicine
/ Medicine & Public Health
/ Monte Carlo simulation
/ Nonlinear analysis
/ Pharmacoeconomics and Health Outcomes
/ Practical Application
/ Probability
/ Public Health
/ Quality of Life Research
/ Remission (Medicine)
/ Sampling
/ Sensitivity analysis
/ Survival
/ Uncertainty
2021
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Do you wish to request the book?
Methodological Note: Reporting Deterministic versus Probabilistic Results of Markov, Partitioned Survival and Other Non-Linear Models
by
Wilson, Edward C. F.
in
Analysis
/ Cost analysis
/ Decision making
/ Decision theory
/ Economic models
/ Economics
/ Expected values
/ Health Administration
/ Health Economics
/ Linear analysis
/ Markov analysis
/ Markov chains
/ Medical decision making
/ Medicine
/ Medicine & Public Health
/ Monte Carlo simulation
/ Nonlinear analysis
/ Pharmacoeconomics and Health Outcomes
/ Practical Application
/ Probability
/ Public Health
/ Quality of Life Research
/ Remission (Medicine)
/ Sampling
/ Sensitivity analysis
/ Survival
/ Uncertainty
2021
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Methodological Note: Reporting Deterministic versus Probabilistic Results of Markov, Partitioned Survival and Other Non-Linear Models
Journal Article
Methodological Note: Reporting Deterministic versus Probabilistic Results of Markov, Partitioned Survival and Other Non-Linear Models
2021
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Overview
When making decisions under uncertainty, it is reasonable to choose the path that leads to the highest expected net benefit. Therefore, to inform decision making, decision-model-based health economic evaluations should always present expected outputs (i.e. the mean costs and outcomes associated with each course of action). In non-linear models such as Markov models, a single ‘run’ of the model with each input at its mean (a deterministic analysis) will not generate the expected value of the outputs. In a worst-case scenario, presenting deterministic analyses as the base case can lead to misleading recommendations. Therefore, the base-case analysis of a non-linear model should always be the means from a probabilistic analysis. In this paper, I explain why this is the case and provide recommendations for reporting economic evaluations based on Markov models, noting that the same principle applies to other non-linear structures such as partitioned survival models and individual sampling models. I also provide recommendations for conducting one-way sensitivity analyses of such models. Code illustrating the examples is provided in both Microsoft Excel and R, along with a video abstract and user guides in the electronic supplementary material.
Video abstract
DHf6dvh-_KsbyZjCZkB-ZU
Supplementary file 6 (MP4 20900 kb)
Publisher
Springer International Publishing,Springer Nature B.V
Subject
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