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Journal of Economic Theory
Article . 2012 . Peer-reviewed
License: Elsevier TDM
Data sources: Crossref
image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao
zbMATH Open
Article . 2012
Data sources: zbMATH Open
SSRN Electronic Journal
Article . 2011 . Peer-reviewed
Data sources: Crossref
DBLP
Article . 2020
Data sources: DBLP
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An inequality measure for stochastic allocations

Authors: Soo Hong Chew; Jacob S. Sagi;

An inequality measure for stochastic allocations

Abstract

There are a few articles on inequality measurement which deal with uncertainty, particularly when the ranking of cohorts may not be fixed. The authors of the present paper give a set of axioms implying such a class of inequality measures under uncertainty that is one-parameter extension of the generalized Gini mean over the distribution of average allocations. The extension consists of a quadratic term accounting for inter-personal correlations. In particular, presented measure can simultaneously accommodate a preference for ``shared destiny'', a preference for probabilistic mixtures over unfair allocations, and a preference for fairness ``for sure'' over fairness in expectation.

Countries
China (People's Republic of), Singapore, China (People's Republic of), China (People's Republic of)
Keywords

Risk, Social welfare, Other regarding, 330, Uncertainty, Social choice, Decision theory, Individual preferences, Group preferences, Preference, Welfare economics, Income inequality, utility theory, uncertainty, other regarding, preference, Utility theory, social welfare, income inequality, risk

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    popularity
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    Top 10%
    influence
    This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
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    This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
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Powered by OpenAIRE graph
Found an issue? Give us feedback
selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
15
Top 10%
Top 10%
Top 10%
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