Note that you can do it in more than 1 way:
list1={1,2,3}
list2={2.5,2,1.5}
Thread[list1<list2]
Map[#[[1]]<#[[2]]&,{list1,list2}\[Transpose]]
Apply[#1<#2&,{list1,list2}\[Transpose],{1}]
Apply[Less,{list1,list2}\[Transpose],{1}]
Less@@@({list1,list2}\[Transpose])
MapThread[Less,{list1,list2}]
Table[list1[[i]]<list2[[i]],{i,Length[list1]}]
I came up with these ways! and there are probably more!