156 citations · 221 across the 9 of their papers we have counts for
10 papers
Quantifying fair income distribution in Thailand
Thitithep Sitthiyot, Kanyarat Holasut
Given a vast concern about high income inequality in Thailand as opposed to empirical findings around the world showing people's preference for fair income inequality over unfair i…
A simple method for joint evaluation of skill in directional forecasts of multiple variables
Thitithep Sitthiyot, Kanyarat Holasut
Forecasts for key macroeconomic variables are almost always made simultaneously by the same organizations, presented together, and used together in policy analyses and decision-mak…
Income distribution in Thailand is scale-invariant
Thitithep Sitthiyot, Kanyarat Holasut
This study examines whether income distribution in Thailand has a property of scale invariance or self-similarity across years. By using the data on income shares by quintile and b…
A universal model for the Lorenz curve with novel applications for datasets containing zeros and/or exhibiting extreme inequality
Thitithep Sitthiyot, Kanyarat Holasut
Given that the existing parametric functional forms for the Lorenz curve do not fit all possible size distributions, a universal parametric functional form is introduced. By using…
On the Evaluation of Skill in Binary Forecast
Thitithep Sitthiyot, Kanyarat Holasut
A good prediction is very important for scientific, economic, and administrative purposes. It is therefore necessary to know whether a predictor is skillful enough to predict the f…
A quantitative method for benchmarking fair income distribution
Thitithep Sitthiyot, Kanyarat Holasut
Concern about income inequality has become prominent in public discourse around the world. However, studies in behavioral economics and psychology have consistently shown that peop…
On income inequality and population size
Thitithep Sitthiyot, Kanyarat Holasut
The pursuit of having an appropriate level of income inequality should be viewed as one of the biggest challenges facing academic scholars as well as policy makers. Unfortunately,…
Macroeconomic and financial management in an uncertain world: What can we learn from complexity science?
Thitithep Sitthiyot
This paper discusses serious drawbacks of existing knowledge in macroeconomics and finance in explaining and predicting economic and financial phenomena. Complexity science is prop…
A simple method for estimating the Lorenz curve
Thitithep Sitthiyot, Kanyarat Holasut
Given many popular functional forms for the Lorenz curve do not have a closed-form expression for the Gini index and no study has utilized the observed Gini index to estimate param…
A simple method for measuring inequality
Thitithep Sitthiyot, Kanyarat Holasut
To simultaneously overcome the limitation of the Gini index in that it is less sensitive to inequality at the tails of income distribution and the limitation of the inter-decile ra…