This paper analyzes the evaluation of the relative performance of a set of groups when their outcomes are defined in terms of categorical data and the groups’ members are heterogeneous. This type of problem has been dealt with in Herrero and Villar (2013) for the case of a homogeneous...

This paper reports the results of an experiment in which probabilistic insurance, as proposed by Kahneman and Tversky (1979), is compared both with full insurance and no insurance. The experimental results conform to the intuitive prediction that risk-averse agents who are indifferent between...

The Human Development Index has experienced substantial modifications in the 2010 edition of the Human Development Report (changes in some of the variables, a different aggregation procedure, and the introduction of distributive considerations, among others). Those changes respond to some...