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A Practical Guide to Value of Information Analysis

Overview of attention for article published in PharmacoEconomics, October 2014
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About this Attention Score

  • In the top 25% of all research outputs scored by Altmetric
  • High Attention Score compared to outputs of the same age (89th percentile)
  • Good Attention Score compared to outputs of the same age and source (79th percentile)

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24 X users
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2 Facebook pages

Citations

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119 Dimensions

Readers on

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230 Mendeley
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Title
A Practical Guide to Value of Information Analysis
Published in
PharmacoEconomics, October 2014
DOI 10.1007/s40273-014-0219-x
Pubmed ID
Authors

Edward C. F. Wilson

Abstract

Value of information analysis is a quantitative method to estimate the return on investment in proposed research projects. It can be used in a number of ways. Funders of research may find it useful to rank projects in terms of the expected return on investment from a variety of competing projects. Alternatively, trialists can use the principles to identify the efficient sample size of a proposed study as an alternative to traditional power calculations, and finally, a value of information analysis can be conducted alongside an economic evaluation as a quantitative adjunct to the 'future research' or 'next steps' section of a study write up. The purpose of this paper is to present a brief introduction to the methods, a step-by-step guide to calculation and a discussion of issues that arise in their application to healthcare decision making. Worked examples are provided in the accompanying online appendices as Microsoft Excel spreadsheets.

X Demographics

X Demographics

The data shown below were collected from the profiles of 24 X users who shared this research output. Click here to find out more about how the information was compiled.
Mendeley readers

Mendeley readers

The data shown below were compiled from readership statistics for 230 Mendeley readers of this research output. Click here to see the associated Mendeley record.

Geographical breakdown

Country Count As %
United States 3 1%
United Kingdom 2 <1%
Brazil 1 <1%
Unknown 224 97%

Demographic breakdown

Readers by professional status Count As %
Student > Ph. D. Student 43 19%
Researcher 35 15%
Student > Master 32 14%
Other 14 6%
Student > Postgraduate 11 5%
Other 36 16%
Unknown 59 26%
Readers by discipline Count As %
Medicine and Dentistry 36 16%
Economics, Econometrics and Finance 17 7%
Engineering 16 7%
Decision Sciences 12 5%
Agricultural and Biological Sciences 11 5%
Other 69 30%
Unknown 69 30%
Attention Score in Context

Attention Score in Context

This research output has an Altmetric Attention Score of 15. This is our high-level measure of the quality and quantity of online attention that it has received. This Attention Score, as well as the ranking and number of research outputs shown below, was calculated when the research output was last mentioned on 31 July 2022.
All research outputs
#2,494,100
of 25,837,817 outputs
Outputs from PharmacoEconomics
#196
of 2,004 outputs
Outputs of similar age
#27,827
of 275,083 outputs
Outputs of similar age from PharmacoEconomics
#6
of 29 outputs
Altmetric has tracked 25,837,817 research outputs across all sources so far. Compared to these this one has done well and is in the 89th percentile: it's in the top 25% of all research outputs ever tracked by Altmetric.
So far Altmetric has tracked 2,004 research outputs from this source. They typically receive more attention than average, with a mean Attention Score of 7.7. This one has done particularly well, scoring higher than 90% of its peers.
Older research outputs will score higher simply because they've had more time to accumulate mentions. To account for age we can compare this Altmetric Attention Score to the 275,083 tracked outputs that were published within six weeks on either side of this one in any source. This one has done well, scoring higher than 89% of its contemporaries.
We're also able to compare this research output to 29 others from the same source and published within six weeks on either side of this one. This one has done well, scoring higher than 79% of its contemporaries.