Alcantud, José Carlos R. and Matos, Daniel L. and Palmero, Carlos R. (2009): Goodness of fit in optimizing consumer's model.

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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 vectorindex appear on a regular basis.
Item Type:  MPRA Paper 

Original Title:  Goodness of fit in optimizing consumer's model 
Language:  English 
Keywords:  Consumer behavior; GARP; revealed preference; goodness of fit 
Subjects:  D  Microeconomics > D1  Household Behavior and Family Economics > D11  Consumer Economics: Theory C  Mathematical and Quantitative Methods > C1  Econometric and Statistical Methods and Methodology: General > C15  Statistical Simulation Methods: General 
Item ID:  20134 
Depositing User:  Jose Carlos R. Alcantud 
Date Deposited:  20. Jan 2010 08:22 
Last Modified:  25. Apr 2015 20:34 
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URI:  https://mpra.ub.unimuenchen.de/id/eprint/20134 