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Bootstrapping: estimating confidence intervals for cost-effectiveness ratios.

QJM : monthly journal of the Association of Physicians, ISSN: 1460-2725, Vol: 92, Issue: 3, Page: 177-182
1999
  • 140
    Citations
  • 0
    Usage
  • 160
    Captures
  • 1
    Mentions
  • 0
    Social Media
Metric Options:   Counts1 Year3 Year

Metrics Details

  • Citations
    140
  • Captures
    160
  • Mentions
    1
    • References
      1
      • Wikipedia
        1

Review Description

Economic evaluations are increasingly being conducted alongside clinical trials of health interventions, with resource consequences being estimated from stochastic data. It is, therefore, important that economic evaluation results, like the clinical results, reflect the underlying variance within the sample data. A statistical methodology, known as bootstrapping, has recently been put forward as a potential method for calculating confidence intervals for cost-effectiveness ratios, yet it is still unusual to see economic evaluations reporting confidence intervals. In this paper we demonstrate the practical application of bootstrapping using real data from clinical trials, and conclude that bootstrapping is easily transferable from theory to practice for the estimation of confidence intervals for cost-effectiveness ratios. We encourage further investigation into its applicability and use.

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