Some applications of the Lorenz curve in decision analysis

Some applications of the Lorenz curve in decision analysis

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Article ID: iaor1997640
Country: United States
Volume: 15
Issue: 1/2
Start Page Number: 1
End Page Number: 34
Publication Date: Jan 1995
Journal: American Journal of Mathematical and Management Sciences
Authors:
Abstract:

Classical income distribution measures in Economics such as the Lorenz curve, the Gini index and the Pietra ratio, are shown there to have applications in Bayesian Decision Theory, in the context of the two-action and multi-action problems.

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