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A new class of survival frailty models based on the Generalized Inverse-Gaussian (GIG) distributions is proposed. We show that the GIG frailty models are flexible and mathematically convenient like the popular gamma frailty model. Furthermore, our proposed class is robust and does not present some computational issues experienced by the gamma model. By assuming a piecewise-exponential baseline hazard function, which gives a semiparametric flavour for our frailty class, we propose an EM-algorithm for estimating the model parameters and provide an explicit expression for the information matrix. Simulated results are addressed to check the finite sample behavior of the EM-estimators and also to study the performance of the GIG models under misspecification. We apply our methodology to a TARGET (Therapeutically Applicable Research to Generate Effective Treatments) data about survival time of patients with neuroblastoma cancer and show some advantages of the GIG frailties over existing models in the literature.
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