Title of article
Goodness-of-fit in optimizing a consumer model
Author/Authors
Alcantud، نويسنده , , José Carlos R. and Matos، نويسنده , , Daniel L. and Palmero، نويسنده , , Carlos R.، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2010
Pages
7
From page
1088
To page
1094
Abstract
We provide two new indices of efficiency for determining the degree of coherence in an agent’s consumption decisions. We analyze to what extent they improve the efficiency displayed by Varian’s [9] index. We report on the results of a Monte Carlo experiment that confirms that strict improvements of Varian’s vector-index appear on a regular basis.
Keywords
Consumer theory , Goodness-of-Fit , GARP , Indices of efficiency
Journal title
Mathematical and Computer Modelling
Serial Year
2010
Journal title
Mathematical and Computer Modelling
Record number
1597265
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