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Value of Information: A Tool to Improve Research Prioritization and Reduce Waste

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  • Cosetta Minelli
  • Gianluca Baio

Abstract

In a Guest Editorial, Cosetta Minelli and Gianluca Baio explain how VOI analysis can prioritize research projects by identifying uncertainty in existing knowledge and then estimating expected benefits from reducing that uncertainty.

Suggested Citation

  • Cosetta Minelli & Gianluca Baio, 2015. "Value of Information: A Tool to Improve Research Prioritization and Reduce Waste," PLOS Medicine, Public Library of Science, vol. 12(9), pages 1-5, September.
    • Handle: RePEc:plo:pmed00:1001882
    DOI: 10.1371/journal.pmed.1001882
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    Cited by:

    1. T. I. Armina Padmasawitri & Sarah Maria Saragih & Gerardus W. Frederix & Olaf Klungel & Anke M. Hövels, 2020. "Managing Uncertainties Due to Limited Evidence in Economic Evaluations of Novel Anti-Tuberculosis Regimens: A Systematic Review," PharmacoEconomics - Open, Springer, vol. 4(2), pages 223-233, June.
    2. Newbold, Stephen C. & Johnston, Robert J., 2020. "Valuing non-market valuation studies using meta-analysis: A demonstration using estimates of willingness-to-pay for water quality improvements," Journal of Environmental Economics and Management, Elsevier, vol. 104(C).
    3. Nasrin Mohabbati-Kalejahi & Mohammad Ali Alamdar Yazdi & Fadel M. Megahed & Sydney Y. Schaefer & Lara A. Boyd & Catherine E. Lang & Keith R. Lohse, 2017. "Streamlining science with structured data archives: insights from stroke rehabilitation," Scientometrics, Springer;Akadémiai Kiadó, vol. 113(2), pages 969-983, November.

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