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Minimizing selection bias in randomized trials: A Nash equilibrium approach to optimal randomization

Publication ,  Journal Article
Grant, WC; Anstrom, KJ
Published in: Journal of Economic Behavior and Organization
June 1, 2008

Randomized trials can be compromised by selection bias, particularly when enrollment is sequential and previous assignments are unmasked. In such contexts, an appropriate randomization procedure minimizes selection bias while satisfying the need for treatment balance. This paper presents optimal randomization mechanisms based on non-cooperative game theory and the statistics of selection bias. For several different clinical trial examples, we examine subgame-perfect Nash equilibrium, which dictates a probability distribution on suitable assignment sequences. We find that optimal procedures do not involve discrete uniform distributions, because minimizing predictability is not equivalent to minimizing selection bias. © 2007 Elsevier B.V. All rights reserved.

Duke Scholars

Published In

Journal of Economic Behavior and Organization

DOI

ISSN

0167-2681

Publication Date

June 1, 2008

Volume

66

Issue

3-4

Start / End Page

606 / 624

Related Subject Headings

  • Economics
  • 3801 Applied economics
  • 3502 Banking, finance and investment
  • 1403 Econometrics
  • 1402 Applied Economics
  • 1401 Economic Theory
 

Citation

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Grant, W. C., & Anstrom, K. J. (2008). Minimizing selection bias in randomized trials: A Nash equilibrium approach to optimal randomization. Journal of Economic Behavior and Organization, 66(3–4), 606–624. https://doi.org/10.1016/j.jebo.2006.07.001
Grant, W. C., and K. J. Anstrom. “Minimizing selection bias in randomized trials: A Nash equilibrium approach to optimal randomization.” Journal of Economic Behavior and Organization 66, no. 3–4 (June 1, 2008): 606–24. https://doi.org/10.1016/j.jebo.2006.07.001.
Grant WC, Anstrom KJ. Minimizing selection bias in randomized trials: A Nash equilibrium approach to optimal randomization. Journal of Economic Behavior and Organization. 2008 Jun 1;66(3–4):606–24.
Grant, W. C., and K. J. Anstrom. “Minimizing selection bias in randomized trials: A Nash equilibrium approach to optimal randomization.” Journal of Economic Behavior and Organization, vol. 66, no. 3–4, June 2008, pp. 606–24. Scopus, doi:10.1016/j.jebo.2006.07.001.
Grant WC, Anstrom KJ. Minimizing selection bias in randomized trials: A Nash equilibrium approach to optimal randomization. Journal of Economic Behavior and Organization. 2008 Jun 1;66(3–4):606–624.
Journal cover image

Published In

Journal of Economic Behavior and Organization

DOI

ISSN

0167-2681

Publication Date

June 1, 2008

Volume

66

Issue

3-4

Start / End Page

606 / 624

Related Subject Headings

  • Economics
  • 3801 Applied economics
  • 3502 Banking, finance and investment
  • 1403 Econometrics
  • 1402 Applied Economics
  • 1401 Economic Theory