BL Jones, R Zitikis - North American Actuarial Journal, 2003 - Taylor & Francis
The authors present an alternative representation of risk measures originally defined in terms of expectations with respect to distorted probabilities. They also show that the right-tail …
M Langel, Y Tillé - Journal of the Royal Statistical Society Series …, 2013 - academic.oup.com
Summary Since Corrado Gini suggested the index that bears his name as a way of measuring inequality, the computation of variance of the Gini index has been subject to …
A Leigh - National Tax Journal, 2008 - journals.uchicago.edu
Do income taxes levied at a state or regional level affect the after-tax distribution of income? Or do workers merely move between regions, causing pre-tax wages to adjust? Using the …
$ L $-statistics play prominent roles in various research areas and applications, including development of robust statistical methods, measuring economic inequality and insurance …
A Necir, D Meraghni - Insurance: Mathematics and economics, 2009 - Elsevier
The asymptotic normality of the sample proportional hazard premium for heavy-tailed claim amounts with infinite variance cannot be obtained by classical results for L-statistics. In this …
GF Barrett, SG Donald - Journal of Business & Economic Statistics, 2009 - Taylor & Francis
This article considers statistical inference for consistent estimators of generalized Gini indices of inequality, poverty, and welfare. Our method does not require grouping the …
The adage “the rich are getting richer” refers to increasingly skewed and heavily-tailed income distributions. For such distributions, the mean is not the best measure of the center …
Methods for comparing social welfare and inequality across populations typically involve the entire distribution of economic wellbeing. Conditional analysis requires an estimate of the …
Y Davydov, R Zitikis - Modern Stochastics: Theory and Applications, 2017 - vmsta.org
In various research areas related to decision making, problems and their solutions frequently rely on certain functions being monotonic. In the case of non-monotonic functions …