# Tag Info

The Pareto distribution was derived based on the observation of Vilfredo Pareto that in Italy $80\%$ share of land belonged to $20\%$ of the country’s population, and he showed this held for many other countries as well (see Pareto Manual of political economy - the book is still being reprinted). Consequently, based on this empirical observation it was ...
The GINI has fairly standardized calculation so you can just follow the standard formulas. The GINI is the ratio of the grey area on the plot below (taken from wikipedia - which also mentions the formulas below) to the total area. Hence if you already have data where these areas are calculated you can simply compute GINI as: $$GINI= \frac{A}{A+B}$$ If you ...