##### Goodness-of-fit in optimizing a consumer model

Review articleOpen access###### José Carlos R. Alcantud - No affiliation found

**2010/10/01**DOI: 10.1016/j.mcm.2010.02.039

*Full-length article***Journal:**Mathematical and Computer Modelling

##### Abstract:

AbstractWe 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.

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