Complete Orderings: Index Types and the Ambiguity Problem

Gordon Anderson ()
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Gordon Anderson: University of Toronto

Chapter Chapter 3 in Multilateral Wellbeing Comparison in a Many Dimensioned World, 2019, pp 61-95 from Palgrave Macmillan

Abstract: Abstract Here, the various forms of indices used for summarizing aspects of distributions are discussed. Univariate and multivariate measures of location, dispersion and polarization are outlined as is the way they may be combined to reflect the collective wellbeing of individual groups in a society to provide a complete ordering of those groups. One of the problems with such an ordering is that it can be ambiguous; this is illustrated at the end of the chapter with an example comparing a collection of nations in the European Union.

Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:pal:gpochp:978-3-030-21130-1_3

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DOI: 10.1007/978-3-030-21130-1_3

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