Bayesian Model Averaging and Compromising in Dose-Response Studies

Dose-response models are applied to animal-based cancer risk assessments and human-based clinical trials usually with small samples. For sparse data, we rely on a parametric model for efficiency, but posterior inference can be sensitive to an assumed model. In addition, when we utilize prior information, multiple experts may have different prior knowledge about the parameter of interest. When we make sequential decisions to allocate experimental units in an experiment, an outcome may depend on decision rules, and each decision rule has its own perspective. In this chapter, we address the three practical issues in small-sample dose-response studies: (i) model-sensitivity, (ii) disagree-ment in prior knowledge and (iii) conflicting perspective in decision rules.