PS1-59
INCORPORATING PRIOR BELIEFS INTO CLINICAL DECISIONS
Method: Beliefs expressed as prior constraints specify not one, but an infinite class of distributions. We compute the range of the posterior mean over C(m), the class of all prior distributions with a pre-specified mode, m, that fit any specific set of K elicited moment constraints (the expected value of a piecewise-continuous function). We focus on two cases: 1) elicit the prior mean and variance and 2) elicit a probability on each of a set of adjacent subintervals that support the prior distribution: the ‘histogram’ prior for binomial data with p = P(success), e.g., P(0 <= p <= 0.3) =0.025, P(0.3 <= p <= 0.625) =0.520, P(0.625 <= p <= 0.8) =0.368, and P(0.8 <= p <= 1.0) =0.085. Setting p’ = g(p) the loss function, we obtain the range of the posterior expected loss.
Result: To illustrate, let p =P(novel treatment succeeds). A clinician believes that p has prior mean, variance, and mode of 0.6, 0.02, and 0.625. These fit a beta prior distribution proportionate to p5(1-p)3 . With 10 patients, then with 3, 5, or 7 successes, the corresponding posterior range of Mu is 0.41-0.51, 0.53-0.63, or 0.60-0.67. For the histogram prior, as specified above that fit this beta distribution, for 3, 5, or 7 successes, the range is 0.43-0.50, 0.55-62, or 0.60-0.65. Histogram prior ranges are usually narrower.
Conclusion: Fast stable algorithms compute the range of the posterior mean. Experts, naïve about statistics, can specify constraints by drawing their histogram prior. They can make a decision or else modify the constraints, redo the analysis, and decide later. This simplicity and documentation should lead to better more robust decisions.
See more of: 37th Annual Meeting of the Society for Medical Decision Making