Winner’s curse, replication and meta-analysis

Published on March 31, 2016   38 min

Other Talks in the Series: Statistical Genetics

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FRANK DUDBRIDGE: "Winner's Curse, Replication and Meta-Analysis." Frank Dudbridge, London School of Hygiene and Tropical Medicine.
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This talk covers three issues that often arise when following up the results of a Genome Wide Association Study. The winner's curse is the tendency to see a larger effect than you would usually see when first discovering this effect. Replication concerns how genetic associations are confirmed in further studies. And meta-analysis concerns combining multiple Genome Wide Association Studies into a single summary result.
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So to understand the winner's curse, we can consider a situation of an auction. So supposing that an item is up for auction. And in this auction, each bidder will submit a sealed bid for the item. Now, suppose that the true value of the item could be defined as the average of all of these bids. Then because of the way an auction works, the winner of the auction must pay more than the true value of the item. Because the winner is the person who's made the highest bid for the item, then the highest bid must be higher than the average of the bids. So the winner has paid more than the true value of the item. So this is what is known as the winner's curse. The winner is paying more than the true value. Now this effect actually occurs in many settings.
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In any situation in which there are many items and the observation of each item depends both on its true effect plus a bit of noise, you would see the winner's curse. So in the examples we're looking at here, we have many SNPs in a Genome Wide Association Scan. Or the many items could be many studies of a single SNP. We've just talked about many bidders in an auction. And you can have examples from the world of sports, where you can have many sports players and we make an observation on each player. So if we're looking at many SNPs in a Genome Wide Association Study, then the observation could the odds ratio for the disease. of each of these many SNPs. In an auction, there could be many bids on an item. And in studies of sports players, we could be looking at many players and, for example, measuring how many points each player scored over the course of the season. So for each of these quantities, we can imagine there's a true effect, so a true odds ratio for a SNP. But what we observe is the true effect plus some noise added onto it due to random sampling.
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