Selected article for: "account patient and loss function"
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_4
    Snippet: However, the original Bayesian adaptive RCT framework does not take into account patient risk preferences. To address this gap, developed an adaptive version of the Bayesian patient-centered model that achieves an optimal balance between Type I and Type II error rates, significantly reducing the number of subjects needed in trials to achieve a statistically significant conclusion. A key feature of this model is the time evolution of the loss func.....
    Document: However, the original Bayesian adaptive RCT framework does not take into account patient risk preferences. To address this gap, developed an adaptive version of the Bayesian patient-centered model that achieves an optimal balance between Type I and Type II error rates, significantly reducing the number of subjects needed in trials to achieve a statistically significant conclusion. A key feature of this model is the time evolution of the loss function of the Bayesian decision algorithm. This mechanism favors the expedited approval of diagnostic or therapeutic candidates that show early positive effects, since patients place a lower value on delayed approval of an effective diagnostic or therapy.

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