From: A predictive Bayesian approach to risk analysis in health care
Traditional text-book Bayesian approach | Predictive Bayesian approach | ||
---|---|---|---|
Theoretical perspective | Application oriented perspective | Theoretical perspective | Application oriented perspective |
Focus on fictional parameters | Average patient performance | Focus on observable quantities | Performance of the individual or group considered |
Prior and posterior distributions | The experts' uncertainties about the unknown parameters | Prior and posterior distributions | The experts' uncertainties about the observable quantities |
There exists underlying true probabilities | Probabilities and risks are unknown and need to be estimated | Probability is a subjective measure of uncertainty, conditional on the assessor's background information | Probability is assigned by the assessor |
Model uncertainty exists | Model uncertainty needs to be covered by the analysis | Model uncertainty does not exist. | The accuracy of the models needs to be addressed |