Accounting for uncertainty in health economic decision models by using model averaging

  title={Accounting for uncertainty in health economic decision models by using model averaging},
  author={Christopher H. Jackson and Simon Giles Thompson and Linda D. Sharples},
  journal={Journal of the Royal Statistical Society. Series A, (Statistics in Society)},
  pages={383 - 404}
Health economic decision models are subject to considerable uncertainty, much of which arises from choices between several plausible model structures, e.g. choices of covariates in a regression model. Such structural uncertainty is rarely accounted for formally in decision models but can be addressed by model averaging. We discuss the most common methods of averaging models and the principles underlying them. We apply them to a comparison of two surgical techniques for repairing abdominal… CONTINUE READING
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