Likelihood-based meta-analysis with few studies: Empirical and simulation studies
Svenja E. Seide, Christian R\"over, Tim Friede

TL;DR
This paper evaluates likelihood-based meta-analysis methods for few studies, highlighting the limitations of traditional approaches and demonstrating Bayesian methods as a promising alternative through empirical and simulation analyses.
Contribution
It provides a comprehensive comparison of frequentist and Bayesian meta-analysis methods for small sample sizes, proposing Bayesian approaches as more reliable in such settings.
Findings
Frequentist methods often have below-nominal coverage with few studies.
Bayesian methods achieve better coverage and narrower credible intervals.
Caution is advised when applying meta-analysis to few, unbalanced studies due to coverage issues.
Abstract
Standard random-effects meta-analysis methods perform poorly when applied to few studies only. Such settings however are commonly encountered in practice. It is unclear, whether or to what extent small-sample-size behaviour can be improved by more sophisticated modeling. We consider several likelihood-based inference methods. Confidence intervals are based on normal or Student-t approximations. We extract an empirical data set of 40 meta-analyses from recent reviews published by the German Institute for Quality and Efficiency in Health Care (IQWiG). Methods are then compared empirically as well as in a simulation study, considering odds-ratio and risk ratio effect sizes. Empirically, a majority of the identified meta-analyses include only 2 studies. In the simulation study, coverage probability is, in the presence of heterogeneity and few studies, below the nominal level for all…
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