论文信息 - Goodness-of-fit in optimizing a consumer model

Goodness-of-fit in optimizing a consumer model

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.

José Carlos Rodriguez Alcantud | Daniel L. Matos | Carlos Rodríguez-Palmero

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