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. 2021 Aug 26;13:6721–6730. doi: 10.2147/CMAR.S317627

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© 2021 Baek et al.

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Decision tree example. Each node can represent decision options (such as whether to opt for a particular treatment) and it is connected to branches. The chance of going down one branch versus another is decided by the probabilities of events estimated with data. “P” represents the probabilities.

Notes: Adapted from: 2011 Medical Economic Evaluation Guideline. Health Insurance Review & Assessment Service (HIRA); 2016. Available from: http://www.hira.or.kr/cms/participation/05/07/__icsFiles/afieldfile/2013/04/01/3.pdf. Korean. 2016 Copyright HIRA.³¹