Abstract

We explore formal similarities and mathematical transformation formulas between general trace-form entropies and the Gini index, originally used in quantifying income and wealth inequalities. We utilize the notion of gintropy introduced in our earlier works as a certain property of the Lorenz curve drawn in the map of the tail-integrated cumulative population and wealth fractions. In particular, we rediscover Tsallis' q-entropy formula related to the Pareto distribution. As a novel result, we express the traditional entropy in terms of gintropy and reconstruct further non-additive formulas. A dynamical model calculation of the evolution of Gini index is also presented.

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