Table 1 Summary statistics and costs (in dollar, $) by treatment for haemophilia A, adapted from Abrahamyan et al. [12]

Prior mean, \(\hat {\mu }_{t}\)

0.9259

0.5517

0.7917

Prior variance, \(\hat {\sigma }^{2}_{0t}\)

0.0025

0.0085

0.0069

Sample variance, \(\hat {\sigma }^{2}_{t}\)

0.0686

0.2473

0.1649

Mean cost, c_2t ($)

176,397

56,619

117,651