Journal ArticleDOI
On the Measurement of Inequality
Reads0
Chats0
TLDR
In this paper, the problem of comparing two frequency distributions f(u) of an attribute y which for convenience I shall refer to as income is defined as a risk in the theory of decision-making under uncertainty.About:
This article is published in Journal of Economic Theory.The article was published on 1970-09-01. It has received 5002 citations till now. The article focuses on the topics: Income inequality metrics & Income distribution.read more
Citations
More filters
Journal ArticleDOI
Resource sharing in cyber-physical systems: modelling framework and case studies
TL;DR: A resource sharing-based framework for CPSs that combines elements from graph theory and social welfare to describe complex arrangements of overlapping task and resource communities in CPSs, with the objective of maximising CPS utility through decentralised control is developed.
Journal ArticleDOI
Asymptotic Distribution Theory of Empirical Rank-dependent Measures of Inequality
TL;DR: In this article, the authors derived the asymptotic properties of the empirical rank-dependent family of inequality measures, which includes the Gini coefficients, and gave an explicit and simple expression in terms of the Lorenz curve.
Journal ArticleDOI
Dispersive equity and social risk
TL;DR: In this paper, the impact of life-threatening risks from alternative policy decisions on homogeneous groups in a population is considered, and four distinct but not independent equity concepts: individual risk, group risk, dispersive equity, and social outcome equity.
Journal ArticleDOI
The 80/20 rule: library lore or statistical law?
TL;DR: It is shown that Trueswell's empirical 80/20 rule arises quite naturally, in general terms at least, from the type of stochastic model for library loans presented by Burrell and Cane.
Journal ArticleDOI
The Association Between Perceived Income Inequality and Subjective Well-being: Evidence from a Social Survey in Japan
Takashi Oshio,Kunio Urakawa +1 more
TL;DR: In this article, the authors examined how perceived income inequality, rather than actual inequality, was associated with individuals subjective well-being (SWB), using cross-sectional data collected from a nationwide, Internet survey conducted in Japan (N = 10,432).
References
More filters
Journal ArticleDOI
Risk Aversion in the Small and in the Large
TL;DR: In this article, a measure of risk aversion in the small, the risk premium or insurance premium for an arbitrary risk, and a natural concept of decreasing risk aversion are discussed and related to one another.
Journal ArticleDOI
Aspects of the theory of risk-bearing
Journal ArticleDOI
The Measurement of the Inequality of Incomes
TL;DR: JSTOR as discussed by the authors is a not-for-profit organization founded in 1995 to build trusted digital archives for scholarship, which is used to preserve their work and the materials they rely upon, and to build a common research platform that promotes the discovery and use of these resources.
Journal ArticleDOI
The Efficiency Analysis of Choices Involving Risk
Giora Hanoch,Haim Levy +1 more
TL;DR: In this paper, an analysis of the first step of the decision-making process of an individual decision maker among alternative risky ventures is presented, in terms of a single dimension such as money, both for the utility functions and for the probability distributions.