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Wiley InterScience

Risk Analysis

Risk Analysis

Volume 21 Issue 4, Pages 579 - 584

Published Online: 27 May 2002

©2009 Society for Risk Analysis



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Sensitivity Analysis, Monte Carlo Risk Analysis, and Bayesian Uncertainty Assessment
Sander Greenland
  1 Department of Epidemiology, UCLA School of Public Health, and Department of Statistics, UCLA College of Letters and Science, Los Angeles, CA 90095-1772.
Copyright 2001 Society for Risk Analysis
KEYWORDS
Bayesian analysis • epidemiologic methods • Monte Carlo analysis • relative risk • risk assessment

ABSTRACT

Standard statistical methods understate the uncertainty one should attach to effect estimates obtained from observational data. Among the methods used to address this problem are sensitivity analysis, Monte Carlo risk analysis (MCRA), and Bayesian uncertainty assessment. Estimates from MCRAs have been presented as if they were valid frequentist or Bayesian results, but examples show that they need not be either in actual applications. It is concluded that both sensitivity analyses and MCRA should begin with the same type of prior specification effort as Bayesian analysis.


DIGITAL OBJECT IDENTIFIER (DOI)
10.1111/0272-4332.214136 About DOI

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