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A Bayesian approach to stochastic cost-effectiveness analysis: An illustration and application to blood pressure control in type 2 diabetes.

Abstract:

The aim of this paper is to discuss the use of Bayesian methods in cost-effectiveness analysis (CEA) and the common ground between Bayesian and traditional frequentist approaches. A further aim is to explore the use of the net benefit statistic and its advantages over the incremental cost-effectiveness ratio (ICER) statistic. In particular, the use of cost-effectiveness acceptability curves is examined as a device for presenting the implications of uncertainty in a CEA to decision makers. Alt...

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Publication status:
Published
Peer review status:
Peer reviewed
Version:
Publisher's version

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Institution:
University of Oxford
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Funding agency for:
Andrew H. Briggs
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Funding agency for:
Andrew H. Briggs
Publisher:
Cambridge University Press Publisher's website
Journal:
International Journal of Technology Assessment in Health Care Journal website
Volume:
17
Issue:
1
Publication date:
2001
URN:
uuid:0c47a3c6-82a0-4578-b797-bbe5bb7550eb
Local pid:
oai:economics.ouls.ox.ac.uk:13377
Language:
English

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