Treatment Thresholds & Value of Information

Learning Objectives and Outline

Learning Objectives

  • Define treatment thresholds within a decision tree & examine different ways of interpretation

  • Understand and calculate the value of information from a perfect vs. imperfect test

Outline

  • Treatment thresholds

  • Testing & Value of Information

Treatment thresholds

Treatment thresholds

Treatment thresholds


What if the probability of recurrent PE were higher or lower than initially estimated?


  • Do we anticoagulate or not?
  • At what point do we switch between “yes” versus “no”?

Treatment thresholds

Treatment thresholds


Perform a sensitivity analysis to find a treatment threshold


(More on sensitivity analyses later in the workshop)

Treatment thresholds

Expected value (AC) = 0.990 * pPE + 0.992 * (1-pPE)

Expected value (No AC) = 0.750 * pPE + 1.0 * (1-pPE)

NOW, SET EQUAL TO EACH OTHER, to solve for unknown threshold probability

Treatment thresholds

0.990 * pPE + 0.992 * (1-pPE) = 0.750 * pPE + 1.0 * (1-pPE)

0.240 * pPE = 0.008 * (1-pPE)

0.240 * pPE + 0.008 *pPE = 0.008

pPE = 0.008 / (0.240 + 0.008)

= .032

Treatment thresholds


Treatment thresholds

Treatment thresholds


Performing a test to gain additional information is ONLY worthwhile IF:

  1. At least one decision would change given some test results, and/or

  2. The risk to the patient associated with the test is less than the expected benefit gained from undergoing the test

Treatment thresholds

Treatment thresholds

Treatment thresholds


No Treat – Test Threshold
Probability of indifference between testing & not treating


Test – Treat Threshold
Probability of indifference between testing & treatment

Testing & expected value of information


  • Information can theoretically be perfect, free, & without risk, but it’s usually NOT!
  • Information is almost always IMPERFECT
  • Getting information usually HAS A COST

Testing & expected value of information


Value of information asks: what are we gaining by having this extra information?


Value of information =

|[expected value from the ‘gaining information’ strategy] –

[expected value from the next best strategy]|

Testing & expected value of information

PERFECT tests give us an upper limit to the potential benefit from any test


The gain from such an imaginary PERFECT test is the expected value of perfect information (EVPI)

Testing & expected value of information

A perfect test (100% sens and spec) with no risk

A perfect test (100% sens and spec) with no risk

  • EV(perfect test) = 0.12

  • EV(treat strategy) = 0.16

  • EV(no treat strategy) = 0.24 (worst EV)

EVPI =

|EV ‘perfect test’ – EV ‘next best strategy: treat all’|

=|0.12 – 0.16| = 0.04,

or 4 deaths prevented per 100 tests because of the additional testing information

An imperfect test with morbidity risk

An imperfect test with morbidity risk

An imperfect test with morbidity risk


When the test is imperfect, testing is still the best strategy (in this case, the lower EV, the better since our outcome values are the probability of a bad outcome), but not by much:

Testing & expected value of information


When the test is IMPERFECT:

  • EV(test strategy) = 0.157

  • EV(treat strategy) = 0.16

  • EV(no treat strategy) = 0.24 (worst EV)


VOI = |EV ‘test’ – EV ‘next best strategy’|

= |0.157 – 0.16| = 0.003,

or 3 deaths prevented per 1000 tests because of the additional testing information

Next… case studies!