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Measuring the Subjective Value of Risky and Ambiguous Options using Experimental Economics and Functional MRI Methods
Published on: September 19, 2012
Model uncertainty and risk estimation for experimental studies of quantal responses
A John Bailer1, Robert B Noble, Matthew W Wheeler
1Department of Mathematics and Statistics, Miami University, Oxford, OH 45056, USA. bailerj@muohio.edu
Bayesian model averaging (BMA) addresses uncertainty in statistical models for risk assessment. This approach improves the reliability of exposure-response estimates derived from animal studies for human occupational hazard prediction.
Area of Science:
- Toxicology
- Statistical modeling
- Risk assessment
Background:
- Experimental animal studies are crucial for predicting human occupational hazard risks.
- Statistical models are used to estimate exposure-response relationships, but model selection introduces uncertainty.
- Diverse statistical models can yield widely varying risk estimates.
Purpose of the Study:
- To introduce Bayesian model averaging (BMA) as a method to manage statistical model uncertainty in risk estimation.
- To demonstrate the application of BMA using examples from toxicology and dose-response modeling.
Main Methods:
- Applied Bayesian model averaging (BMA) to exposure-response data.
- Utilized BMA to address uncertainty in statistical model selection for risk assessment.
- Illustrated the strategy with multistage models for cancer responses and quantal models for kidney lesion data.
Main Results:
- BMA provides a robust strategy for handling model uncertainty in risk estimation.
- The method was successfully applied to cancer and kidney lesion data, yielding improved risk estimates.
- Benchmark dose estimates and excess risk estimates were generated, reflecting model uncertainty.
Conclusions:
- Bayesian model averaging (BMA) effectively quantifies and incorporates statistical model uncertainty into risk assessments.
- This approach enhances the reliability of risk predictions derived from experimental animal studies.
- BMA is a valuable tool for occupational hazard assessment and toxicological risk analysis.
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