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For long time the measurement of innovation has been in the forefront of policy makers' and researchers' agenda worldwide. Therefore, there is an ongoing debate about which indicators should be used to measure innovation. Recent approaches…

General Finance · Quantitative Finance 2019-05-31 Salvatore Corrente , Ana Garcia-Bernabeu , Salvatore Greco , Teemu Makkonen

The debate on the role of women in the academic world has focused on various phenomena that could be at the root of the gender gap seen in many nations. However, in spite of the ever more collaborative character of scientific research, the…

Digital Libraries · Computer Science 2018-11-01 Giovanni Abramo , Ciriaco Andrea D'Angelo , Gianluca Murgia

In 2018, at the World Economic Forum in Davos it was presented a new countries' economic performance metric named the Inclusive Development Index (IDI) composed of 12 indicators. The new metric implies that countries might need to realize…

Computational Engineering, Finance, and Science · Computer Science 2018-04-18 Anwar Irmatov , Elnura Irmatova

In this paper we propose a new aggregation method for constructing composite indicators that is based on a penalization of the power means. The idea underlying this approach consists in multiplying the power mean by a factor that takes into…

Methodology · Statistics 2022-06-23 Francesca Mariani , Mariateresa Ciommi , Maria Cristina Recchioni

This study examines the relationship between globalization and income inequality, utilizing panel data spanning from 1992 to 2020. Globalization is measured by the World Bank global-link indicators such as FDI, Remittance, Trade Openness,…

General Economics · Economics 2023-02-21 Md Shah Naoaj

Today, generalized linear mixed models are broadly used in many fields. However, the development of tools for performing simultaneous inference has been largely neglected in this domain. A framework for joint inference is indispensable to…

Applications · Statistics 2021-07-12 Katarzyna Reluga , María-José Lombardía , Stefan Sperlich

Driven by an increasing prevalence of trackers, ever more IoT sensors, and the declining cost of computing power, geospatial information has come to play a pivotal role in contemporary predictive models. While enhancing prognostic…

Machine Learning · Computer Science 2024-01-30 Agathe Fernandes Machado , François Hu , Philipp Ratz , Ewen Gallic , Arthur Charpentier

In this paper, we study the inequality indices for some models of wealth exchange. We calculated Gini index and newly introduced k-index and compare the results with reported empirical data available for different countries. We have found…

Physics and Society · Physics 2016-03-21 Asim Ghosh , Arnab Chatterjee , Jun-ichi Inoue , Bikas K. Chakrabarti

Income inequality is known to have negative impacts on an economic system, thus has been debated for a hundred years past or more. Numerous ideas have been proposed to quantify income inequality, and the Gini coefficient is a prevalent…

Theoretical Economics · Economics 2021-06-09 Ji-Won Park , Chae Un Kim

The time needed to apply a hierarchical clustering algorithm is most often dominated by the number of computations of a pairwise dissimilarity measure. Such a constraint, for larger data sets, puts at a disadvantage the use of all the…

Machine Learning · Computer Science 2022-09-14 Marek Gagolewski , Maciej Bartoszuk , Anna Cena

Online dating platforms have gained widespread popularity as a means for individuals to seek potential romantic relationships. While recommender systems have been designed to improve the user experience in dating platforms by providing…

Information Retrieval · Computer Science 2024-02-21 Yuying Zhao , Yu Wang , Yi Zhang , Pamela Wisniewski , Charu Aggarwal , Tyler Derr

Entropy is being used in physics, mathematics, informatics and in related areas to describe equilibration, dissipation, maximal probability states and optimal compression of information. The Gini index on the other hand is an established…

Physics and Society · Physics 2023-07-19 Tamás S. Biró , Zoltán Néda

The paper covers the new model of wage distribution in typical group of people. The model provides the opportunity to reparameterize applicable income distribution model: Pareto, logarithmically normal, logarithmically logistic, Dagum etc.…

General Finance · Quantitative Finance 2013-09-17 Dmitry Schmerling

We introduce GenAI-Powered Inference (GPI), a statistical framework for both causal and predictive inference using unstructured data, including text and images. GPI leverages open-source Generative Artificial Intelligence (GenAI) models --…

Machine Learning · Computer Science 2025-09-09 Kosuke Imai , Kentaro Nakamura

In this article, we study a partially linear single-index model for longitudinal data under a general framework which includes both the sparse and dense longitudinal data cases. A semiparametric estimation method based on a combination of…

Statistics Theory · Mathematics 2015-07-31 Jia Chen , Degui Li , Hua Liang , Suojin Wang

We present a circularity transition index based on open data principles and circularity of energy, material, and information. The aim of the Circular City Index is to provide data and a succinct measurement of the attributes related to…

This article examines the application of a popular measure of sparsity, Gini Index, on network graphs. A wide variety of network graphs happen to be sparse. But the index with which sparsity is commonly measured in network graphs is edge…

Discrete Mathematics · Computer Science 2018-07-26 Swati Goswami , C. A. Murthy , Asit K. Das

Machine learning models deployed in critical care settings exhibit demographic biases, particularly gender disparities, that undermine clinical trust and equitable treatment. This paper introduces FairMed-XGB, a novel framework that…

Machine Learning · Computer Science 2026-03-17 Mitul Goswami , Romit Chatterjee , Arif Ahmed Sekh

This briefing paper focuses on data equity within foundation models, both in terms of the impact of Generative AI (genAI) on society and on the further development of genAI tools. GenAI promises immense potential to drive digital and social…

This paper introduces the Relative Inequality Index at the Maximum (IDRM), a novel and intuitive measure designed to capture inequality within a population, such as income inequality. The index is based on the idea that individuals…