Sensitivity analysis on a chance node with more than two branches
Sensitivity analysis is an essential part of decision analysis. The literature on medical decision analysis suggests the use of two-branch chance nodes in decision trees to avoid logical inconsistencies during sensitivity analysis. The authors show that the two-branch decomposition is not appropriat...
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Published in | Medical decision making Vol. 19; no. 4; p. 499 |
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Main Authors | , |
Format | Journal Article |
Language | English |
Published |
United States
01.10.1999
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Subjects | |
Online Access | Get more information |
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Summary: | Sensitivity analysis is an essential part of decision analysis. The literature on medical decision analysis suggests the use of two-branch chance nodes in decision trees to avoid logical inconsistencies during sensitivity analysis. The authors show that the two-branch decomposition is not appropriate for sensitivity analysis when multiple outcomes from a single state cannot be disentangled into a sensible sequence of events. They recommend retaining the natural structure of the tree and propose two sensitivity-analysis methods for use on chance nodes with three or more branches. |
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ISSN: | 0272-989X |
DOI: | 10.1177/0272989X9901900418 |