Person Trade-Off

The person trade-off (PTO) is a method to elicit social preferences that has been advocated for use in cost-utility analyses instead of elicitations that yield individual utilities for different health states. The PTO is thought to incorporate societal considerations about how treatment benefits are distributed across a population rather than simply maximizing the health benefit of treatments. Allocation decision makers are increasingly acknowledging the need to incorporate social value judgments of distributive effects in allocation decisions and are increasingly turning to the public for input. Thus, the PTO elicitation method is intended to derive social preference values in order to incorporate consideration of the distributive effects of treatment benefits in an allocation setting. It is unique in embracing considerations of distributive justice. The following sections ...

  • Loading...
locked icon

Sign in to access this content

Get a 30 day FREE TRIAL

  • Watch videos from a variety of sources bringing classroom topics to life
  • Read modern, diverse business cases
  • Explore hundreds of books and reference titles