{ "127653-21859435": { "datetime_modified":"20241010T141312", "datetime_start":"20241022T113000", "datetime_end":"20241022T130000", "has_end_time":1, "date_start":"2024-10-22", "date_end":"2024-10-22", "time_start":"11:30:00", "time_end":"13:00:00", "time_zone":"America\/Detroit", "event_title":"Seminar Series: Conrad Kosowsky", "occurrence_title":"", "combined_title":"Seminar Series: Conrad Kosowsky", "event_subtitle":"", "event_type":"Workshop \/ Seminar", "event_type_id":"21", "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.\r\n\r\nAbstract\r\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.", "occurrence_notes":null, "guid":"127653-21859435@events.umich.edu", "permalink":"http:\/\/events.umich.edu\/event\/127653", "building_id":"1000165", "building_name":"Weiser Hall", "campus_maps_id":"47", "room":"747", "location_name":"Weiser Hall", "has_livestream":0, "cost":"", "tags":["AEM Featured","Complex Systems","Complexity","seminar","Social Complexity","Statistics"], "website":"", "sponsors":[ { "group_name":"The Center for the Study of Complex Systems", "group_id":"3247", "website":"https:\/\/lsa.umich.edu\/cscs\/" } ], "image_url":"https:\/\/events.umich.edu\/media\/attachments\/2024\/10\/event_127653_original-2.png", "styled_images":{ "event_thumb":"https:\/\/events.umich.edu\/media\/cache\/event_thumb\/media\/attachments\/2024\/10\/event_127653_original-2.png", 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