John W. Stevens, Anthony O'Hagan and Paul Miller
Astra Charnwood, Loughborough, England and Centre for Bayesian Statistics in Health Economics, University of Sheffield, England
Publication details: Pharmaceutical Statistics, 2, 51-68, 2003.
We present a case study based on a depression study that will illustrate the use of Bayesian statistics in the economic evaluation of cost-effectiveness data, demonstrate the benefits of the Bayesian approach (whilst honestly recognising any deficiencies) with respect to frequentist methods, and provide details of using the methods, including computer code where appropriate.
This paper was named best paper of 2003 in Pharmaceutical Statistics.