Calculating the Expected Value of Sample Information Using Efficient Nested Monte Carlo: A Tutorial

Volume: 21, Issue: 11, Pages: 1299 - 1304
Published: Nov 1, 2018
Abstract
ObjectiveThe expected value of sample information (EVSI) quantifies the economic benefit of reducing uncertainty in a health economic model by collecting additional information. This has the potential to improve the allocation of research budgets. Despite this, practical EVSI evaluations are limited partly due to the computational cost of estimating this value using the gold-standard nested simulation methods. Recently, however, Heath et al....
Paper Details
Title
Calculating the Expected Value of Sample Information Using Efficient Nested Monte Carlo: A Tutorial
Published Date
Nov 1, 2018
Volume
21
Issue
11
Pages
1299 - 1304
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