stat.ME

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

Objective: The 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. …

An Efficient Calculation Method for the Expected Value of Sample Information: Can we do it? Yes, we can

The Expected Value of Sample Information (EVSI) allows us to quantify the economic benefit of a potential future trial or study. While this is clearly of benefit, especially when considering which trials should be funded, it has rarely been used in …