Information Comparisons in Practice

Roger Bowden ()
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Roger Bowden: Kiwicap Research Ltd.

Chapter Chapter 4 in The Information Theory of Comparisons, 2018, pp 75-94 from Springer

Abstract: Abstract With the basic theory of the spread and asymmetry measures now in hand, a range of applications can be explored, some of considerable topical interest in their own right. The first of these is income distribution, in rectifying shortcomings of the classic Gini coefficient. Adopting an internal perspective, where subjects compare their own income with those above or below, leads directly to the dual entropic spread and asymmetry metrics of Chap. 3 . Further applications of the v and d metrics arise in stock market performance, where the object is to capture desirable asymmetries in returns, and to actuarial measures for conditional life expectancies.

Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-13-1550-3_4

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DOI: 10.1007/978-981-13-1550-3_4

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