Author: Qingyang Xu; Shomesh Chaudhuri; Danying Xiao; Andrew W Lo
Title: Bayesian Adaptive Clinical Trials for Anti-Infective Therapeutics during Epidemic Outbreaks Document date: 2020_4_14
ID: 20hk99h4_7
Snippet: Moreover, the cost of Type I versus Type II error can differ from therapy to therapy. A novel vaccine that could trigger a significant immune response such as a cytokine storm has a much higher cost of a Type I error than a medical device such as an air filtration system designed to destroy virions through intense ultraviolet light. Therefore, the appropriate statistical threshold for approval should depend on the specific therapy, as well as the.....
Document: Moreover, the cost of Type I versus Type II error can differ from therapy to therapy. A novel vaccine that could trigger a significant immune response such as a cytokine storm has a much higher cost of a Type I error than a medical device such as an air filtration system designed to destroy virions through intense ultraviolet light. Therefore, the appropriate statistical threshold for approval should depend on the specific therapy, as well as the circumstances of the current burden of disease.
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