Health Economics Workshop Blog

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Modeling Mortality Using a Gompertz Model

This document outlines how to model mortality using a gompertz model fit to life table data.

Embedding A Transition Probability Matrix for a Discrete Time Markov Model

Define \(r_{HS}\) and \(r_{HD}\) as the hazard rate of two independent competing risks from a given (Healthy) health state (to Sick and Dead, respectively), and \(\Delta t\) the cycle length…

Time- and Country/Region-Varying Transition Probabilities

Another problem that occurs is that of non-stationary rates. What if a rate is changing over an interval time step? How is this best modeled? A…

Probabilistic Sensitivity Analysis Sampling

The objective of this posting is to demonstrate the process and intution of drawing probabilistic sensitivity anlaysis (PSA) samples.

Learning Objectives

-Construct and solve a decision problem by calculating an intervention’s expected value across competing strategies in a decision tree
-Determine the decision threshold across a range of scenarios -Differentiate between joint and conditional probabilities…

An Overview of Excel Functions and Tools for Decision Modeling

This document is designed to provide some useful Excel functions for doing decision analyses.