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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
Optimal clinical trial design using value of information methods with imperfect implementation.
Andrew R Willan1, Simon Eckermann
1SickKids Research Institute and University of Toronto, Canada. andy@andywillan.com
Traditional sample size calculations for clinical trials are often arbitrary. This study introduces a new framework considering imperfect implementation, impacting optimal sample size and expected net gain for better research planning.
Area of Science:
- Biostatistics
- Clinical Trial Design
- Health Economics
Background:
- Traditional sample size calculations rely on hypothesis testing and arbitrary factors like error rates.
- Value of information methods offer an alternative but often assume perfect implementation of trial findings.
- Previous models did not account for the complexities of real-world intervention adoption.
Purpose of the Study:
- To propose a novel framework for sample size calculations that relaxes the assumption of perfect implementation.
- To assess the impact of imperfect implementation on optimal sample size and expected net gain in clinical trials.
- To introduce a model for evaluating the value of implementation strategies.
Main Methods:
- Developed a flexible framework for sample size calculation incorporating imperfect implementation.
- Applied the framework to two recent clinical trial examples to illustrate its effects.
- Proposed and demonstrated a model for assessing the economic value of implementation strategies.
Main Results:
- Relaxing the perfect implementation assumption significantly affects optimal sample size and expected net gain.
- Illustrative examples demonstrate the practical implications of the proposed framework.
- The value of implementation strategies can be quantitatively assessed.
Conclusions:
- The proposed framework provides a more realistic approach to sample size determination in clinical trials.
- Considering imperfect implementation is crucial for accurate estimation of research value and resource allocation.
- This work offers a valuable tool for optimizing clinical trial design and implementation planning.
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