"The method, essentially, rates the equality of a society on a scale of 0 to 1. At zero, everyone in that society earns the same amount of income. At 1, one person earns all of the society's income for himself. It has become the go-to method for determining the wealth distribution in modern economies."
"Roberto Angioni, just used Gini's method to measure the inequality in the English Premier League by looking at how many points the first-place team has compared to its maximum (three points per game), the second team (win every game except the games against the first-place team), and etc. And while the Premier League remains more unequal than any OECD nation, its Gini coefficient (52.5%) is lower than it has been in any of the past nine seasons."
Corrado Gini's 1912 statistical method measures inequality on a scale from 0 to 1, where 0 represents perfect equality and 1 represents complete concentration of wealth. This method has become the standard for assessing wealth distribution in modern economies. Roberto Angioni applied Gini's methodology to the English Premier League by analyzing point distribution among teams. The Premier League's Gini coefficient stands at 52.5%, representing the lowest inequality in nine seasons, indicating greater competitive balance. While the Premier League remains more unequal than any OECD nation, it shows more competitive parity than other major European leagues, with LaLiga at 56.7%.
#premier-league-competitiveness #gini-coefficient #income-inequality-measurement #sports-analytics #wealth-distribution
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