Title

Accounting for between-study variation in incremental net benefit in value of information methodology

RIS ID

41894

Publication Details

Willan, A. R. & Eckermann, S. (2012). Accounting for between-study variation in incremental net benefit in value of information methodology. Health Economics, 21 (10), 1183-1195.

Abstract

Previous applications of value of information methods for determining optimal sample size in randomized clinical trials have assumed no between-study variation in mean incremental net benefit. By adopting a hierarchical model, we provide a solution for determining optimal sample size with this assumption relaxed. The solution is illustrated with two examples from the literature. Expected net gain increases with increasing between-study variation, reflecting the increased uncertainty in incremental net benefit and reduced extent to which data are borrowed from previous evidence. Hence, a trial can become optimal where current evidence is sufficient assuming no between-study variation. However, despite the expected net gain increasing, the optimal sample size in the illustrated examples is relatively insensitive to the amount of between-study variation. Further percentage losses in expected net gain were small even when choosing sample sizes that reflected widely different between-study variation.

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Link to publisher version (DOI)

http://dx.doi.org/10.1002/hec.1781