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The burgeoning use of ordinal data throughout the Empirical Sciences calls for location and variation measurement instruments suitable for such data environments. Neither Pearson’s Coefficient of Variation nor the Sharpe Ratio, relative variation comparison workhorses in cardinal worlds, are...
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Wellbeing evaluation using ordered categorical response data is hazardous given the scale dependent nature of most measures of wellbeing and inequality. Here, scale independent instruments for measuring levels of wellbeing and inequalities between groups in multidimensional ordered categorical...
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