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Related Concept Videos

Decision Making: P-value Method01:09

Decision Making: P-value Method

The process of hypothesis testing based on the P-value method includes calculating the P- value using the sample data and interpreting it.
First, a specific claim about the population parameter is proposed. The claim is based on the research question and is stated in a simple form. Further, an opposing statement to the claim  is also stated. These statements can act as null and alternative hypotheses:  a null hypothesis would be a neutral statement while the alternative hypothesis can have a...
Decision Making: Traditional Method01:14

Decision Making: Traditional Method

The process of hypothesis testing based on the traditional method includes calculating the critical value, testing the value of the test statistic using the sample data, and interpreting these values.
First, a specific claim about the population parameter is decided based on the research question and is stated in a simple form. Further, an opposing statement to this claim is also stated. These statements can act as null and alternative hypotheses, out of which a null hypothesis would be a...
Decision Making01:20

Decision Making

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Mechanistic Models: Compartment Models in Algorithms for Numerical Problem Solving01:29

Mechanistic Models: Compartment Models in Algorithms for Numerical Problem Solving

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Growth Models with Integration: Problem Solving01:27

Growth Models with Integration: Problem Solving

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Related Experiment Video

Updated: Jun 14, 2026

Integrating Remote Sensing with Species Distribution Models; Mapping Tamarisk Invasions Using the Software for Assisted Habitat Modeling (SAHM)
12:26

Integrating Remote Sensing with Species Distribution Models; Mapping Tamarisk Invasions Using the Software for Assisted Habitat Modeling (SAHM)

Published on: October 11, 2016

Eliciting distributions to populate decision analytic models.

Laura Bojke1, Karl Claxton, Yolanda Bravo-Vergel

  • 1Centre for Health Economics, University of York, York, UK. lg116@york.ac.uk

Value in Health : the Journal of the International Society for Pharmacoeconomics and Outcomes Research
|March 30, 2010
PubMed
Summary
This summary is machine-generated.

Expert elicitation can characterize uncertainty in decision models, aiding evidence value assessment. This study applied it to psoriatic arthritis treatment, showing high value for further research, particularly on short-term effectiveness.

Related Experiment Videos

Last Updated: Jun 14, 2026

Integrating Remote Sensing with Species Distribution Models; Mapping Tamarisk Invasions Using the Software for Assisted Habitat Modeling (SAHM)
12:26

Integrating Remote Sensing with Species Distribution Models; Mapping Tamarisk Invasions Using the Software for Assisted Habitat Modeling (SAHM)

Published on: October 11, 2016

Area of Science:

  • Health Economics
  • Decision Analysis
  • Rheumatology

Background:

  • Expert elicitation quantifies structural uncertainty in decision analytic models.
  • This facilitates establishing the value of acquiring further evidence to resolve uncertainties.

Purpose of the Study:

  • Demonstrate expert elicitation for characterizing model uncertainty.
  • Compare elicited results with alternative assumptions for uncertainty characterization.

Main Methods:

  • Elicited expert distributions for two unknown parameters.
  • Applied distributions in a cost-effectiveness model for psoriatic arthritis (PsA) treatments (infliximab, etanercept vs. palliative care).
  • Synthesized expert distributions using linear pooling and random effects meta-analysis, exploring expert weighting.

Main Results:

  • Cost-effectiveness analysis indicated etanercept or palliative care as optimal strategies.
  • High decision uncertainty (at £30,000 threshold) generated substantial value for further research (£141-£634 million).
  • Short-term treatment effectiveness represented the greatest value for further research (£47-£406 million).

Conclusions:

  • Cost-effectiveness results were similar between elicited and original models.
  • Significant contrasts emerged in the estimated values of further research.
  • Expert elicitation is a feasible method for generating evidence, but further research is needed on key issues.