Articles by Jacob Smith

Computing Rank Dependent Utility in R

March 20, 2023 | Jacob Smith

Introduction: What is Rank Dependent Utility? Rank dependent utility theory made its debut in John Quiggin’s 1982 paper “A Theory of Anticipated Utility” with the mission, similar to other papers at the time, to come up with a model which addressed the Allais Paradox which was a major problem for ...
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Coding the Cost Effectiveness Acceptability Curve (CEAC) in R

March 6, 2023 | Jacob Smith

Introduction The cost effectiveness acceptability curve (CEAC) is a tool used to describe the output of a probabilistic sensitivity analysis conducted on a model used in economic evaluations of health technologies. It communicates the probability of cost effectiveness conditional on our willingness to pay threshold for each unit of effectiveness ...
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