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How to Measure Effect Sizes for Rational Decision Making

Published online by Cambridge University Press:  17 February 2023

Ina Jäntgen*
Affiliation:
Faculty of Philosophy, University of Cambridge, Sidgwick Avenue, Cambridge, United Kingdom
*
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Abstract

Absolute and relative outcome measures measure a treatment’s effect size, purporting to inform treatment choices. I argue that absolute measures are at least as good as, if not better than, relative ones for informing rational decisions across choice scenarios. Specifically, this dominance of absolute measures holds for choices between a treatment and a control group treatment from a trial and for ones between treatments tested in different trials. This distinction has hitherto been neglected, just like the role of absolute and baseline risks in rational decision making that my analysis reveals. Recognizing both aspects advances the discussion on reporting outcome measures.

Information

Type
Contributed Paper
Creative Commons
Creative Common License - CCCreative Common License - BY
This is an Open Access article, distributed under the terms of the Creative Commons Attribution licence (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted re-use, distribution and reproduction, provided the original article is properly cited.
Copyright
© The Author(s), 2023. Published by Cambridge University Press on behalf of the Philosophy of Science Association