Alternatives To Gini Coefficient
Given the limitations of Gini coefficient, other statistical methods are used in combination or as an alternative measure of population dispersity. For example, entropy measures are frequently used (e.g. the Theil Index and the Atkinson index). These measures attempt to compare the distribution of resources by intelligent agents in the market with a maximum entropy random distribution, which would occur if these agents acted like non-intelligent particles in a closed system following the laws of statistical physics.
Read more about this topic: Gini Coefficient
Famous quotes containing the words alternatives to and/or alternatives:
“The literal alternatives to [abortion] are suicide, motherhood, and, some would add, madness. Consequently, there is some confusion, discomfort, and cynicism greeting efforts to “find” or “emphasize” or “identify” alternatives to abortion.”
—Connie J. Downey (b. 1934)
“The literal alternatives to [abortion] are suicide, motherhood, and, some would add, madness. Consequently, there is some confusion, discomfort, and cynicism greeting efforts to “find” or “emphasize” or “identify” alternatives to abortion.”
—Connie J. Downey (b. 1934)