Experienced Differences Vs Conventional Inequality Measure (IMAGE)

Santa Fe Institute

Experienced Differences Vs Conventional Inequality Measure

Caption

Figure 1. Experienced differences (left panel) and the edges used in the conventional measure (right panel). If nodes A, B, and C in Figure 1 have wealth 10, 4, and 3, for example, the Gini coefficient using the network representation in the left panel is 0.412. Using the network representation on the right, however, the Gini is estimated at 0.274

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Samuel Bowles and Wendy Carlin

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