Afriat's efficiency index

GPTKB entity

Statements (13)
Predicate Object
gptkbp:instanceOf Consumer Price Index
revealed preference measure
gptkbp:appliesTo finite set of consumption choices
https://www.w3.org/2000/01/rdf-schema#label Afriat's efficiency index
gptkbp:introducedIn 1967
gptkbp:measures degree of rationality
how closely observed choices approximate utility maximization
gptkbp:namedAfter Sidney Afriat
gptkbp:range 0 to 1
gptkbp:relatedTo Generalized Axiom of Revealed Preference
gptkbp:usedIn consumer theory
gptkbp:bfsParent gptkb:Afriat's_theorem
gptkbp:bfsLayer 6