Value of Information
Abstract
Expected value of sample information (EVSI) 1 measures the average net-benefit gain from conducting new research and can be used to inform decisions on which new studies to fund and how best to design those studies. This helps avoid wasting resources researching treatments that were never likely to be cost-effective or conversely by adopting treatments that, if more evidence were collected, may be shown not to be cost-effective. However, the...
Paper Details
Title
Value of Information
Published Date
Apr 3, 2015
Journal
Volume
35
Issue
5
Pages
564 - 566
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