Odds Ratios – Current Best Practice and Use
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2018/07/03
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Description:Odds ratios frequently are used to present strength of association between risk factors and outcomes in the clinical literature. Odds and odds ratios are related to the probability of a binary outcome (an outcome that is either present or absent, such as mortality). The odds are the ratio of the probability that an outcome occurs to the probability that the outcome does not occur. For example, suppose that the probability of mortality is 0.3 in a group of patients. This can be expressed as the odds of dying: 0.3/(1 - 0.3) = 0.43. When the probability is small, odds are virtually identical to the probability. For example, for a probability of 0.05, the odds are 0.05/(1 - 0.05) = 0.052. This similarity does not exist when the value of a probability is large. Probability and odds are different ways of expressing similar concepts. For example, when randomly selecting a card from a deck, the probability of selecting a spade is 13/52 = 25%. The odds of selecting a card with a spade are 25%/75% = 1:3. Clinicians usually are interested in knowing probabilities, whereas gamblers think in terms of odds. Odds are useful when wagering because they represent fair payouts. If one were to bet $1 on selecting a spade from a deck of cards, a payout of $3 is necessary to have an even chance of winning your money back. From the gambler's perspective, a payout smaller than $3 is unfavorable and greater than $3 is favorable. Differences between 2 different groups having a binary outcome such as mortality can be compared using odds ratios, the ratio of 2 odds. Differences also can be compared using probabilities by calculating the relative risk ratio, which is the ratio of 2 probabilities. Odds ratios commonly are used to express strength of associations from logistic regression to predict a binary outcome. [Description provided by NIOSH]
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ISSN:0098-7484
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Pages in Document:84-85
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Volume:320
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Issue:1
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NIOSHTIC Number:nn:20064238
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Citation:JAMA 2018 Jul; 320(1):84-85
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Federal Fiscal Year:2018
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Performing Organization:University of Minnesota Twin Cities
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Peer Reviewed:False
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Start Date:20050701
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Source Full Name:Journal of the American Medical Association
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End Date:20250630
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Main Document Checksum:urn:sha-512:15c9295890907ef4db7987594c155adccacd9aab3cbb4fe4862ba0a439d58bac545518eae84b8c623d9069fe88de8445007aaed74fa72dffa2df3ca60b3d34c1
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