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Sandpile Universality in Social Inequality: Gini and Kolkata Measures
Social inequalities are ubiquitous and evolve towards a universal limit. Herein, we extensively review the values of inequality measures, namely the Gini (g) index and the Kolkata (k) index, two standard measures of inequality used in the analysis of various social sectors through data analysis. The...
Autores principales: | , , , , |
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Formato: | Online Artículo Texto |
Lenguaje: | English |
Publicado: |
MDPI
2023
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Materias: | |
Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10216978/ https://www.ncbi.nlm.nih.gov/pubmed/37238490 http://dx.doi.org/10.3390/e25050735 |
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author | Banerjee, Suchismita Biswas, Soumyajyoti Chakrabarti, Bikas K. Ghosh, Asim Mitra, Manipushpak |
author_facet | Banerjee, Suchismita Biswas, Soumyajyoti Chakrabarti, Bikas K. Ghosh, Asim Mitra, Manipushpak |
author_sort | Banerjee, Suchismita |
collection | PubMed |
description | Social inequalities are ubiquitous and evolve towards a universal limit. Herein, we extensively review the values of inequality measures, namely the Gini (g) index and the Kolkata (k) index, two standard measures of inequality used in the analysis of various social sectors through data analysis. The Kolkata index, denoted as k, indicates the proportion of the ‘wealth’ owned by [Formula: see text] fraction of the ‘people’. Our findings suggest that both the Gini index and the Kolkata index tend to converge to similar values (around [Formula: see text] , starting from the point of perfect equality, where [Formula: see text] and [Formula: see text]) as competition increases in different social institutions, such as markets, movies, elections, universities, prize winning, battle fields, sports (Olympics), etc., under conditions of unrestricted competition (no social welfare or support mechanism). In this review, we present the concept of a generalized form of Pareto’s 80/20 law ([Formula: see text]), where the coincidence of inequality indices is observed. The observation of this coincidence is consistent with the precursor values of the g and k indices for the self-organized critical (SOC) state in self-tuned physical systems such as sand piles. These results provide quantitative support for the view that interacting socioeconomic systems can be understood within the framework of SOC, which has been hypothesized for many years. These findings suggest that the SOC model can be extended to capture the dynamics of complex socioeconomic systems and help us better understand their behavior. |
format | Online Article Text |
id | pubmed-10216978 |
institution | National Center for Biotechnology Information |
language | English |
publishDate | 2023 |
publisher | MDPI |
record_format | MEDLINE/PubMed |
spelling | pubmed-102169782023-05-27 Sandpile Universality in Social Inequality: Gini and Kolkata Measures Banerjee, Suchismita Biswas, Soumyajyoti Chakrabarti, Bikas K. Ghosh, Asim Mitra, Manipushpak Entropy (Basel) Review Social inequalities are ubiquitous and evolve towards a universal limit. Herein, we extensively review the values of inequality measures, namely the Gini (g) index and the Kolkata (k) index, two standard measures of inequality used in the analysis of various social sectors through data analysis. The Kolkata index, denoted as k, indicates the proportion of the ‘wealth’ owned by [Formula: see text] fraction of the ‘people’. Our findings suggest that both the Gini index and the Kolkata index tend to converge to similar values (around [Formula: see text] , starting from the point of perfect equality, where [Formula: see text] and [Formula: see text]) as competition increases in different social institutions, such as markets, movies, elections, universities, prize winning, battle fields, sports (Olympics), etc., under conditions of unrestricted competition (no social welfare or support mechanism). In this review, we present the concept of a generalized form of Pareto’s 80/20 law ([Formula: see text]), where the coincidence of inequality indices is observed. The observation of this coincidence is consistent with the precursor values of the g and k indices for the self-organized critical (SOC) state in self-tuned physical systems such as sand piles. These results provide quantitative support for the view that interacting socioeconomic systems can be understood within the framework of SOC, which has been hypothesized for many years. These findings suggest that the SOC model can be extended to capture the dynamics of complex socioeconomic systems and help us better understand their behavior. MDPI 2023-04-28 /pmc/articles/PMC10216978/ /pubmed/37238490 http://dx.doi.org/10.3390/e25050735 Text en © 2023 by the authors. https://creativecommons.org/licenses/by/4.0/Licensee MDPI, Basel, Switzerland. This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license (https://creativecommons.org/licenses/by/4.0/). |
spellingShingle | Review Banerjee, Suchismita Biswas, Soumyajyoti Chakrabarti, Bikas K. Ghosh, Asim Mitra, Manipushpak Sandpile Universality in Social Inequality: Gini and Kolkata Measures |
title | Sandpile Universality in Social Inequality: Gini and Kolkata Measures |
title_full | Sandpile Universality in Social Inequality: Gini and Kolkata Measures |
title_fullStr | Sandpile Universality in Social Inequality: Gini and Kolkata Measures |
title_full_unstemmed | Sandpile Universality in Social Inequality: Gini and Kolkata Measures |
title_short | Sandpile Universality in Social Inequality: Gini and Kolkata Measures |
title_sort | sandpile universality in social inequality: gini and kolkata measures |
topic | Review |
url | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10216978/ https://www.ncbi.nlm.nih.gov/pubmed/37238490 http://dx.doi.org/10.3390/e25050735 |
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