Abstract

ObjectiveTo demonstrate the use of probabilistic simulation modeling to estimate the joint density of therapeutic risks and benefits. Published data are used to introduce the risk–benefit acceptability curve as a novel method of illustrating risk–benefit analysis. Study design and settingUsing published data, we performed a second-order Monte Carlo simulation to estimate the joint density of major bleeding and deep vein thrombosis (DVT) secondary to enoxaparin or unfractionated heparin. Within a Bayesian framework, beta-distributions for the probabilities of experiencing a DVT and major bleed were derived from the clinical trial, and incremental probabilities were calculated. ResultsThe incremental risk–benefit pairs from 3,000 simulations are presented on a risk–benefit plane. To accommodate different risk preferences, the results are also illustrated using a risk–benefit acceptability curve, which incorporates different risk–benefit acceptability thresholds (μ), or the number of major bleeds one is willing to accept in order to avert one DVT. Finally, a net-benefit curve is used to illustrate the risk–benefit ratio and the derivation of 95% confidence intervals around the ratio. ConclusionModern simulation methods permit the estimation of the joint density of risks and benefits with their associated uncertainty, and within a Bayesian framework, facilitate the estimation of the probability that a therapy is net-beneficial over different preference thresholds for risk–benefit trade-offs.

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