Goodness of fit in optimizing consumer's model

José Carlos R. Alcantud · Daniel L. Matos · Carlos Rodríguez Palmero

0 citations0/0 files storedMunich Personal RePEc Archive (Ludwig Maximilian University of Munich)

No readable copy stored yet — this record is metadata only.

No open-access location is known for this record yet.

Literature note Cite in a project Citation map

Decision-Making and Behavioral Economics Economics of Agriculture and Food Markets Economic and Environmental Valuation

Abstract

We provide two new indices of efficiency for determining the degree of coherence in an agent's consumption decisions. We analyze to which extent they improve the efficiency displayed by Varian's (Journal of Econometrics, 1990) index. We report on the results of a Montecarlo experiment that confirms that strict improvements of Varian's vector-index appear on a regular basis.

Paper brief

Loading…

Cite this work

Citation unavailable for this work.

BibTeX RIS CSL-JSON

No public copy is stored for this record, so only the metadata is cited.

Imported from OpenAlex (CC0) — nothing here is generated.