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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Proceedings ArticleDOI
Coordination in collective intelligence: the role of team structure and task interdependence
TL;DR: It is hypothesized that adding editors may benefit low-coordination tasks but have negative consequences for tasks requiring a high degree of coordination, and ways to better harness the efforts of many editors in social collaborative systems involving high coordination tasks are suggested.
Journal ArticleDOI
The Contributions of Amartya Sen to Welfare Economics
TL;DR: Sen's contributions to development economics and the implementation of capabilities can be divided into four main categories: social choice, welfare distribution, economic inequality, and poverty as mentioned in this paper, and in the final Section X the key qualities of Sen's contribution are identified.
Journal ArticleDOI
On the relationship between income inequality measures and social welfare functions
TL;DR: In this paper, the Pigou-Dalton principle of transfers is deduced from primitive assumptions from which the society's aversion to inequality and aversion to poverty principles are introduced, and the resulting analytical framework is used to discuss and analyze the social welfare bases of income inequality.
Journal ArticleDOI
Varieties of Competitive Parity
TL;DR: The authors investigated winning as the dependent variable, as measured by distributions of annual industry leadership in profits and returns to investors, and found that business outcomes are indistinguishable from outcomes in the wider scientific and competitive landscape, and are amenable to explanation using relatively simple heuristics.
Journal ArticleDOI
Managing equity: The case of road pricing
TL;DR: In this paper, the management of equity concerns in road pricing planning and decision-making is analyzed, using experience from four Norwegian cities, and changes in equity attention before and after implementation of the schemes are investigated.
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.
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.