Calculating Expected Value of Sample Information Adjusting for Imperfect Implementation
Anna Heath

TL;DR
This paper introduces two methods to accurately estimate the value of additional sample information while accounting for imperfect and delayed implementation of treatment recommendations, improving decision-making in health economics.
Contribution
It develops two novel implementation-adjusted EVSI calculation methods, one computationally intensive and one efficient, that relax previous restrictive assumptions and improve practical applicability.
Findings
Maximum difference between methods is 6%
Efficient method is 6-60 times faster
Methods provide realistic EVSI estimates
Abstract
Background: The Expected Value of Sample Information (EVSI) calculates the value of collecting additional information through a study with a given design. Standard EVSI analyses assume that the treatment recommendations based on the new information will be implemented immediately and completely once the study has finished. However, treatment implementation is often slow and incomplete, giving a biased estimation of the study value. Previous methods have adjusted for this bias, but they typically make the unrealistic assumption that the study outcomes do not impact the implementation. One method does assume that the implementation is related to the strength of evidence in favour of the treatment but this method uses analytical results, which require alternative restrictive assumptions. Methods: We develop two implementation-adjusted EVSI calculation methods that relax these assumptions.…
Peer Reviews
No public reviews on file for this paper yet. If you reviewed it on a platform where reviews are public (OpenReview, ICLR, NeurIPS, ICML), you can paste yours below so the community can read it here.
Videos
No videos yet. Explain this paper in a talk, walkthrough, or lecture? Add one.
Taxonomy
TopicsHealth Systems, Economic Evaluations, Quality of Life · Statistical Methods in Clinical Trials · Meta-analysis and systematic reviews
