A probability based method for selecting the optimal personalized treatment from multiple treatments

In this work we propose a method for optimal treatment assignment based on individual covariate information for a patient. For the K treatment ( $$ ) scenario, we compare quantities that are suitable surrogates to true conditional probabilities of outcome variable of each treatment dominating outcome variables for all other treatments conditional on patient specific scores constructed from patient-specific covariates. As opposed to methods based on conditional means, our method can be applied for a broad set of models and error structures. Furthermore, the proposed method has very desirable large sample properties. We suggest Single Index Models as appropriate models connecting outcome variables to covariates and our empirical investigations show that correct treatment assignments are highly accurate. The proposed method is also rather robust against departures from a Single Index Model structure. Furthermore, selection of a treatment using the proposed metric appears to incur no losses in terms of the average reward for cases when two treatments are close in terms of this metric. We also conduct a real data analysis to show the applicability of the proposed procedure. This analysis highlights possible gains both in terms of average response and survival time if one were to use the proposed method.