The study of socioeconomic inequality is of prime economic and social importance, and the key quantitative gauges of socioeconomic inequality are Lorenz curves and inequality indices — the most notable of the latter being the popular Gini index. In this series of papers we present a...

The study of socioeconomic inequality is of prime economic and social importance, and the key quantitative gauges of socioeconomic inequality are Lorenz curves and inequality indices—the most notable of the latter being the popular Gini index. In this series of papers we present a...

This paper explores an elemental connection between call options–the most commonly tradable financial derivatives, implied volatility term structures–critical “market information” emanating from call-option prices, and the Pietra index–a quantitative economic measure of societal...

From the Old Testament to the Communist Manifesto, and from the French Revolution to the Occupy Wall Street protests, social inequality has always been at the focal point of public debate, as well as a major driver of political change. Although being of prime interest since Biblical times, the...