Brennan, Alan; Kharroubi, Samer A. - In: Health Economics 16 (2007) 11, pp. 1205-1225
Expected value of sample information (EVSI) involves simulating data collection, Bayesian updating, and re-examining decisions. Bayesian updating in Weibull models typically requires Markov chain Monte Carlo (MCMC). <P>We examine five methods for calculating posterior expected net benefits: two...</p>