Construct · 2 fields · 2 citations
One name. Different field. Different construct. One map.
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A mathematical object that assigns probability to the possible values of a random variable, describing how the total probability mass of one is spread across those outcomes: a distribution can be given by a probability function, a density, or a cumulative function, and it is summarised by quantities such as its mean and variance. Feller's 1968 An Introduction to Probability Theory and Its Applications set out how distributions are defined over a sample space and combined. The referent is a formal assignment of probability to outcomes, carrying no units of its own, and it is not a share of income held across people, electricity delivered to homes, or goods moved to a market.[1]
The way income or wealth is spread across the households or individuals in a population, and how far that spread departs from equality: an income distribution is described by the shares held by each part of the population and summarised by inequality measures. Atkinson's 1970 On the Measurement of Inequality showed how such a measure embeds a judgement about the social cost of inequality, and proposed a family of indices built on that judgement. The referent is a social pattern of holdings across people, read in currency and inequality indices, and it is distinct from a probability spread over outcomes, current carried on a grid, or products routed to buyers.[2]
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