Random vs. fixed effects meta-analysis

I assume you are referring to a retrospective analysis of results published in journals. Please correct me if I am mistaken.

Your question reminded me of this article from 1999, published in the American Journal of Epidemiology by @Sander_Greenland and Charles Poole. It examines some of the considerations in conducting a meta-analysis that you mentioned above.

Their primary recommendations:

  1. If you are going to calculate any summary stat, compute both a fixed effect and a random effects estimate (unless you have a really good reason to prefer one or the other).
  2. If there is a meaningful difference between the two estimates, there is heterogeneity among the studies, and any summary statistic is likely to be misleading.
  3. If possible, use meta-regression methods to explore how study design affects the results.
  4. Random effects methods can be susceptible to plausible types of publication bias, making them less conservative than is ordinarily believed.
  5. Very small samples of studies make any quantitative method very limited. They would prefer narrative description in this scenario.

While I have no doubt you would be aware of the limitations of this type of meta-analysis, for completeness, I also recommend readers interested in this topic to study the @Sander_Greenland 2005 paper on multiple bias modelling for observational data (which would include meta-analysis by any reasonable definition). It is not only relevant to this topic, but it provides an excellent example of how to think like a good, skeptical statistician.

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