Simulating Study Data to Support Expected Value of Sample Information Calculations: A Tutorial.

ABSTRACT: The expected value of sample information (EVSI) can be used to prioritize avenues for future research and design studies that support medical decision making and offer value for money spent. EVSI is calculated based on 3 key elements. Two of these, a probabilistic model-based economic evaluation and updating model uncertainty based on simulated data, have been frequently discussed in the literature. By contrast, the third element, simulating data from the proposed studies, has received little attention. This tutorial contributes to bridging this gap by providing a step-by-step guide to simulating study data for EVSI calculations. We discuss a general-purpose algorithm for simulating data and demonstrate its use to simulate 3 different outcome types. We then discuss how to induce correlatio

SUBMITTER: Heath A 

PROVIDER: S-EPMC8793320 | biostudies-literature | 2022 Feb

REPOSITORIES: biostudies-literature