?This book presents a rigorous treatment of the mathematical instruments available for dealing with income distributions, in particular Lorenz curves and related methods. The methods examined allow us to analyze, compare and modify such distributions from an economic and social perspective. Though balanced income distributions are key to peaceful coexistence within and between nations, it is often difficult to identify the right kind of balance needed, because there is an interesting interaction with innovation and economic growth. The issue of justice, as discussed in Thomas Piketty's bestseller "Capital in the Twenty-First Century" or in the important book "The Price of Inequality" by Nobel laureate Joseph Stiglitz, is also touched on. Further, there is a close connection to the issue of democracy in the context of globalization. One highlight of the book is its rigorous treatment of the so-called Atkinson theorem and some extensions, which help to explain under which type of societal utility functions nations tend to operate either in the direction of more balance or less balance. Finally, there are some completely new insights into changing the balance pattern of societies and the kind of coalitions between richer and poorer parts of society to organize political support in democracies in either case.
Oxford University's Sir Tony Atkinson, well known for his so-called Atkinson theorem, writes in his foreword to the book: "[The authors] contribute directly to the recent debates that are going on in politics.  with this book the foundation of arguments concerning a proper balance in income distribution in the sense of identifying an 'efficient inequality range' has got an additional push from mathematics, which I appreciate very much."
<b>Praise for <i>Modeling for Insight</i></b> <p> "Most books on modeling are either too theoretical or too focused on the mechanics of programming. Powell and Batt's emphasis on using simple spreadsheet models to gain business insight (which is, after all, the name of the game) is what makes this book stand head and shoulders above the rest. This clear and practical book deserves a place on the shelf of every business analyst."<br> —Jonathan Koomey, PhD, Lawrence Berkeley National Laboratory and Stanford University, author of <i>Turning Numbers into Knowledge: Mastering the Art of Problem Solving</i> <p> Most business analysts are familiar with using spreadsheets to organize data and build routine models. However, analysts often struggle when faced with examining new and ill-structured problems. <i>Modeling for Insight</i> is a one-of-a-kind guide to building effective spreadsheet models and using them to generate insights. With its hands-on approach, this book provides readers with an effective modeling process and specific modeling tools to become a master modeler. <p> The authors provide a structured approach to problem-solving using four main steps: frame the problem, diagram the problem, build a model, and generate insights. Extensive examples, graduated in difficulty, help readers to internalize this modeling process, while also demonstrating the application of important modeling tools, including: <ul> <li> <p> Influence diagrams <li> <p> Spreadsheet engineering <li> <p> Parameterization <li> <p> Sensitivity analysis <li> <p> Strategy analysis <li> <p> Iterative modeling </ul> <p> The real-world examples found in the book are drawn from a wide range of fields such as financial planning, insurance, pharmaceuticals, advertising, and manufacturing. Each chapter concludes with a discussion on how to use the insights drawn from these models to create an effective business presentation. Microsoft Office Excel and PowerPoint are used throughout the book, along with the add-ins Premium Solver, Crystal Ball, and Sensitivity Toolkit. Detailed appendices guide readers through the use of these software packages, and the spreadsheet models discussed in the book are available to download via the book's related Web site. <i>Modeling for Insight</i> is an ideal book for courses in engineering, operations research, and management science at the upper-undergraduate and graduate levels. It is also a valuable resource for consultants and business analysts who often use spreadsheets to better understand complex problems.
Bayesian inference has become a standard method of analysis in many fields of science. Students and researchers in experimental psychology and cognitive science, however, have failed to take full advantage of the new and exciting possibilities that the Bayesian approach affords. Ideal for teaching and self study, this book demonstrates how to do Bayesian modeling. Short, to-the-point chapters offer examples, exercises, and computer code (using WinBUGS or JAGS, and supported by Matlab and R), with additional support available online. No advance knowledge of statistics is required and, from the very start, readers are encouraged to apply and adjust Bayesian analyses by themselves. The book contains a series of chapters on parameter estimation and model selection, followed by detailed case studies from cognitive science. After working through this book, readers should be able to build their own Bayesian models, apply the models to their own data, and draw their own conclusions.
The American dream used to mean that if you worked hard, saved money, and didn't spend extravagantly, you would be guaranteed a decent life. That article of faith is no more; it has been replaced by a growing fear that even two incomes will prove insufficient to afford a home in a good neighbourhood, a reliable vehicle, quality schools, healthcare, the means to care for ageing relatives, and the leisure to properly raise children. The middle class is waking up to the sobering realisation that the United States is fast becoming an unaffordable nation. Transcending ordinary politics, Jeffrey Jones addresses every member of the American community, not as liberal or conservative or as Democrat or Republican, but in the most basic and equal of terms: in their capacities as working persons dependent upon their occupations, their employers, and the government regulation of both to earn a decent living. He uncovers the profound moral consensus among Americans from every walk of life regarding the entitlements that should follow from individual hard work. Jones argues that regardless of political leanings, economic class, gender, and ethnic and racial differences, Americans remain united in the conviction that individuals who work hard should receive decent wages and other resources in return. He goes on to propose a "covenant on affordability", outlining the respective obligations of government, corporations, and individuals in ensuring a life that is affordable for every person who is willing to work hard. "The Unaffordable Nation" is a must-read for every American concerned about the decreasing value of his or her labour, alongside the rising costs of nearly everything.
This book presents an overview over smart structures - its concepts, its active involvement in the vibration control, their applications and the extensive research work done.
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