Introduction to Applications of the GMD and the Lorenz Curve in Finance Academic Article uri icon

abstract

  • The purpose of this part of the book is to expose the reader to applications of the Gini methodology in financial theory. Those applications are relevant whenever one is interested in decision making under risk or in reducing the incompatibility between financial theory and econometric applications. Risky situations are characterized by having to make decisions without knowing what the exact outcome is going to be. This definition covers almost every decision a person makes.

publication date

  • January 1, 2013