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The Committee also may consider indicators that do not cover the entire economy, such as real sales and the Federal Reserve's index of industrial production (IP).
The Committee's use of these indicators in conjunction with the broad measures recognizes the issue of double-counting of sectors included in both those indicators and the broad measures.
When Jeff Bezos or Warren Buffett walks into a room, the Gini coefficient of the room shoots up.
Some enterprising data nerds have taken on the challenge of estimating Gini coefficients for the dating “economy.” Among heterosexuals, this actually means calculating two Gini coefficients: one for men, and one for women.
Despite the best efforts of philanthropists and redistributionists over the last two millennia, he has been right so far.
Every nation in the world has poor and rich, separated by birth and luck and choice.
The two coefficients do not directly influence each other at all, and each sex collectively sets the Gini coefficient—that is, the level of inequality—for the other sex.
in his company’s abundant data, treating “likes” as the equivalent of income.
According to the Hinge analyst: On a list of 149 countries’ Gini indices provided by the CIA World Factbook, this would place the female dating economy as 75th most unequal (average—think Western Europe) and the male dating economy as the 8th most unequal (kleptocracy, apartheid, perpetual civil war—think South Africa).The Committee applies its judgment based on the above definitions of recessions and expansions and has no fixed rule to determine whether a contraction is only a short interruption of an expansion, or an expansion is only a short interruption of a contraction.The most recent example of such a judgment that was less than obvious was in 1980-1982, when the Committee determined that the contraction that began in 1981 was not a continuation of the one that began in 1980, but rather a separate full recession.If we think of dating in this way, we can use the analytical tools of economics to reason about romance in the same way we reason about economies.One of the useful tools that economists use to study inequality is the Gini coefficient.