Introduction
Understanding the impact of uncertainty on decision is an important aspect of health-economic decision making. While health-economic decision are typically made in a decision theoretic context, which quantifies the “best” decision under current evidence, the approval of a new health-care technology often comes with some risk. Therefore, funding bodies are often concerned with the impact of the parameter uncertainty on the optimal decision.
The analysis of the Value of Information (VoI) is an increasingly popular …