by John on (#64Y7X)
The Gini coefficient, a.k.a. Gini index, of a set of numbers is the average of all differences divided by twice the mean. Specifically, let Then the Gini coefficient of x is defined to be where μ is the mean of the set. The Gini coefficient is often used in economics to measure inequalities in wealth. […]The post Inequalities for inequality: Gini coefficient lower bounds first appeared on John D. Cook.