The Gini Index. Paige Stillwell and Tanya Picinich. Overview . Lorenz Curve Perfect Income Equality / Complete Income Inequality Gini Index Calculation Examples United States Gini Index Riemann Sum and Trapezoidal Rule Potential Issues with the Gini Index
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Lorenz curve has the equation y=xPerfect Income Equality: Utopia
Actual Gini Index = .463
Calculate the Gini Index many times, but remove one data point each time
Produces a mean distribution and a standard deviation for the Gini Index
Calculate the Gini Index from a random sample of the income data many times
Produces a mean distribution and a standard deviation for the Gini IndexWays to calculate a more accurate Gini Index: