How to address monotonicity for model risk management?
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Abstract (arXiv)
In this paper, we study the problem of establishing the accountability and fairness of transparent machine learning models through monotonicity. Although there have been numerous studies on individual monotonicity, pairwise monotonicity is often overlooked in the existing literature. This paper studies transparent neural networks in the presence of three types of monotonicity: individual monotonicity, weak pairwise monotonicity, and strong pairwise monotonicity. As a means of achieving monotonicity while maintaining transparency, we propose the monotonic groves of neural additive models. As a result of empirical examples, we demonstrate that monotonicity is often violated in practice and that monotonic groves of neural additive models are transparent, accountable, and fair.
Key facts. Cited by 4 papers in the map (data through 7 Oct 2026). Builds on 15 of its 56 references that are in the map. First posted on arXiv 28 Apr 2023.
Builds on
15 of 56 references.
References · 15
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Built on by
Citing papers per year: 2024: 2; 2025: 1; 2026: 1.
4 papers.
- 2026RiskProp: Collision-Anchored Self-Supervised Risk Propagation for Early Accident Anticipationcited by 2
- 2024Attribution Methods in Asset Pricing: Do They Account for Risk?cited by 1
- 2024FinML-Chain: A Blockchain-Integrated Dataset for Enhanced Financial Machine Learningcited by 1
- 2025Explaining Risks: Axiomatic Risk Attributions for Financial Modelscited by 0
- 2026RiskProp: Collision-Anchored Self-Supervised Risk Propagation for Early Accident Anticipation28 Mar 2026
- 2025Explaining Risks: Axiomatic Risk Attributions for Financial Models7 Jun 2025
- 2024FinML-Chain: A Blockchain-Integrated Dataset for Enhanced Financial Machine Learning25 Nov 2024
- 2024Attribution Methods in Asset Pricing: Do They Account for Risk?12 Jul 2024