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...Expand abstract
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- Cambridge University Press Publisher's website
- International Journal of Technology Assessment in Health Care Journal website
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- © 2001 Cambridge University Press.
A Bayesian approach to stochastic cost-effectiveness analysis: An illustration and application to blood pressure control in type 2 diabetes.
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