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DTSTAMP:20241010T141312
DTSTART;TZID=America/Detroit:20241022T113000
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SUMMARY:Workshop / Seminar:Seminar Series: Conrad Kosowsky
DESCRIPTION:Join us on Tuesday\, October 22nd from 11:30AM-1:00PM in Weiser 747 for our Seminar Series featuring Conrad Kosowsky. Conrad is a current graduate student and instructor at UM in the field of Complex Systems.\n\nAbstract\nThis talk will focus mostly on my work on U.S. incomes. I show that U.S. incomes follow a one-parameter family of probability distributions over more than 50 years of data. I compare statistical models of income\, and highlight the inverse-gamma distribution as a parsimonious model that matches data particularly well and has straightforward theoretical interpretations. However\, despite having relatively few parameters\, the inverse-gamma distribution still overfits income data. I establish a linear relationship between parameter estimates\, and a one-dimensional model emerges naturally when I exploit this relationship. I conclude with theoretical remarks about the model and about the Gini coefficient. Time permitting\, I will briefly discuss my other research interests including Nash equilibrium existence and theory of deadlines and procrastination.
UID:127653-21859435@events.umich.edu
URL:https://events.umich.edu/event/127653
CLASS:PUBLIC
STATUS:CONFIRMED
CATEGORIES:AEM Featured,Complex Systems,Complexity,seminar,Social Complexity,Statistics
LOCATION:Weiser Hall - 747
CONTACT:
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