Understanding the Gini Coefficient
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- Опубліковано 27 бер 2018
- This video explains the concept of Gini Coefficient using simple illustrations. For more information on the Gini Coefficient and the Key Household Income Trends in Singapore, visit www.singstat.gov.sg.
Perfect perfect perfect, best visual, simplicity, and every other thing. This institution deserves an A++.
I know realize why Singapore is known for their education. Great video!
this did better than most resources put out by the American government. I just needed a definition for my essay but this really made it super clear, thank you Singapore for helping my essay
same haha, first time i really got it even tho its such a basic concept
This video was really well put together and easy to understand. The animations were very helpful. Thank you very much.
Very good video and animation. Explain gini coefficient inn a clear and straight forward way.
I got introduced to the Gini Coefficient from Prof Jordan Peterson where he discussed the correlation between crime and poverty.
He says that poverty DOES NOT cause crime but RELATIVE POVERTY.
Relative Poverty can be measured using the Gini Coefficient. The more unequal a society, the higher chance of crime occurring.
Thus, as the Gini Coefficient approaches 1, the higher the possibility of crime occurring.
O
interesting.
Yup, nothing new. But it's cool that ow you know that perspective :)
That's a pretty long way to say "inequality causes crime", why are you so pedantic man?
@@freshrockpapa-e7799 because the location of wealth is important. If you have the poor all placed on one spot and the rich very far away, you can bet crimes will be low. However, put a rich mansion in the middle of a poor area and see how many break ins will happen. That is why rich people tend to live in gated communities so as not get robbed.
So how do you keep the owner of the rich mansion from getting robbed? Increase the surrounding wealth.
excellently demystified the concept of GINI Co efficient
Very clear information. Thank you so much❤
Very nicely explained. Thank you.
clear and informative thanks!
This is a nice video! :)
really useful information, thank you
im in online class rn lol
I'm a Gini in a bottle, you gotta count me the right way
Thanks good explanation
very well-explained video! thank you!
and also nice animation!
Public tax money done right, thank you Singapore Dept. of Stats!
Very useful
Hi, very nicely explained but what do you mean by every household has same income, it should be a horizontal line instead of 45 degree.
Gini Coefficient in 2020 in Singapore was about 0.35. USA same year was 0.45. I'm moving.
I am studying singapore for a project and got here.... And im here to tell you that like astrobum said, A higher number is better.
Unless ofc your from the USA and are thinking about moving to singapore in which case good fuckin luck lmao the housing market is insane so unless your already a citizen and can get subsidized you might be screwed.
0.45 was Singapore 2020 and 0.48 in the US. So its about the same actually and the point that @milo made is very valid, in more equal places the benefits are often reserved for citizens or other members of certain entities (in-group)
@@miloh-k7660 that makes no sense. The closer a numer is to 1 the worse the inequality is, correct?
@@alexacordova4431 yeah, so in the USA and SG its basically the same(in the high 40s range), and while its better in SG the housing makes it super hard to move in both places. My bad, poorly phrased.
@@alexacordova4431 oh my god i got confused. your right nvm... I thought he said 45.
Wealth is waaaay more important, yet income garners all the attention somehow..
Thank you man
Here is one way of discretizing the Lorenz curve and one way of defining a Gini coefficient for discrete number, N, of players.
Order all players 1
ua-cam.com/video/U9Oz9hFfPJ4/v-deo.html
Why I’m paying for my professor while this is free
Good for you, but maybe for most people it's their professor who first told them about the Gini coefficient.
👏
Just wondering, how are the gini coefficients in socialist countries? Soviet Union for example.
JiTiAr35 Gini coefficients is low for socialist country.
Low, but unsurprisingly everyone is equally poorer.
@@dulapeepsinmybedroom5611 economically yes but in terms of medical care and education, surprisingly not
China's Gini is acc hight than the State's
I am not making a point it's just interesting
I understand now. 👌👌
It is 10 class mattery.
Makes pretty clear those nation states that need to democratize.
Not necessarily, it also doesn't tell us how to "democratize" or what policies to follow.
@@Kevin-zv6ds GINI is a sort of bell-wether of a nation states measure of human rights if we consider Lipsett's research that linked economic well- being of a state to it moving towards democracy or galvanising its own democracy.
Jordan Peterson brought me here
Is Jordan Peterson critical of the Gini coefficient?
@@lol-xs9wz No. He actually indicates the correlation of the Gini Coefficient and crime rates. The higher the Gini Coefficient, the higher the crime rate.
He is not critical but stated the facts in regards of the Gini Coefficient.
@@19Slim68 ah okay, yeah that makes sense.
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Please take the music off. I can't bear to listen, but I need to hear your voice. The music is not at all useful. It's a nicely made video, but I am not sure I can use it bcs of the music.
I need the script. dox file.
can I have it?
Good video,
and wierd quasi-british accent.......
So......nwo??👏👎🖐
What???
Please remove the annoying background music. It’s too loud, the tempo is too fast and it distracts from the message and makes it harder for understanding.
If i were sitting in a classroom and turned on music during a lecture i’d be asked to turn it off, wouldn’t I?
Same here.
Please.
you complained that much for something free
@Joseph Christoffel
no
i complained about the annoying background music
it detracts from the message whether it is free or not
and it is not necessary to convey the message