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Monotonic Transformation

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PPGPortal > Home > Concept Dictionary > K, L, M > Monotonic Transformation
 

Monotonic Transformation 

A way of transforming one set of numbers into another set of numbers in a way that preserves the order. A monotonic transformation of a utility function is a utility function that represents the same preferences as the original utility function.

(Dwayne Benjamin, Toronto PPG 1002H)

     

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