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What is monotonic preference?
What is the difference between monotonicity and transitivity in decision theory?
Transitivity refers to the consistency of preferences, such that if a person prefers option A to B, and B to C, then they should also prefer A to C. Monotonicity, on the other hand, refers to the consistency of preferences with respect to more or less of a particular attribute. A person with monotonic preferences will always prefer more of something to less, regardless of the other attributes of the options they are choosing between.