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#45 Biostats & Clinical Trial Design, with Frank Harrell

Learning Bayesian Statistics

CHAPTER

Do You Know How to Make the Right Decisions?

The optumnu decision involves the consequences of all the possible decisions you might make. We tend to design studies that have an alpha of point o five and a bata of point two. But at least we should approximate optimum decisions using basi and posterior distributions. That are what the key element, besides the utility function, in terms of other frontiers is holding us back.

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