Monotone preferences
id:
monotone-preferences-302-43260
title:
Monotone preferences
text:
In economics, an agent's preferences are said to be weakly monotonic if, given a consumption bundle x , the agent prefers all consumption bundles y that have more of all goods. That is, y ≫ x implies y ≻ x . An agent's preferences are said to be strongly monotonic if, given a consumption bundle x , the agent prefers all consumption bundles y that have more of at least one good, and not less in any other good. That is, y ≥ x and y ≠ x imply y ≻ x . This definition defines monotonic increasing pre
brand slug:
wiki
category slug:
encyclopedia
description:
Economics term
original url:
https://en.wikipedia.org/wiki/Monotone_preferences
date created:
date modified:
2023-12-21T18:29:34Z
main entity:
{"identifier":"Q4301873","url":"https://www.wikidata.org/entity/Q4301873"}
image:
fields total:
13
integrity:
14