Journal ArticleDOI
On the Measurement of Inequality
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
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Transfer Sensitive Inequality Measures
TL;DR: Transfer sensitivity has been seen as a means of strengthening the Pigou-Dalton "principle of transfers", by ensuring that more weight in the inequality assessment is attached to transfers taking place lower down in the distribution as mentioned in this paper.
Journal ArticleDOI
A survey of interestingness measures for knowledge discovery
TL;DR: A review of the available literature on the various measures devised for evaluating and ranking the discovered patterns produced by the data mining process and their strengths and weaknesses with respect to the level of user integration within the discovery process is presented.
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Informational bases of alternative welfare approaches: Aggregation and income distribution
ReportDOI
Personality psychology and economics
TL;DR: In this article, the power of personality traits both as predictors and as causes of academic and economic success, health, and criminal activity is explored, where the authors interpret personality as a construct derived from an economic model of preferences, constraints and information.
References
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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.
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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.