At 2015 how many people owned as much as the poorest half of the world's population (ie over 3billion people)?
Pareto distribution are shown in the graph on the right. According to Oxfam (2016) the richest 62 people have as much wealth as the poorest half of the world's population. We can estimate the Pareto index that would apply to this situation. Letting ε equal formula_73 we have: or The solution is that "α" equals about 1.15, and about 9% of the wealth is owned by each of the two groups. But actually the poorest 69% of the world adult population owns only about 3% of the wealth. The Gini coefficient is a measure of the deviation of the Lorenz curve from
Half as Much the 2004 book "Hank Williams: The Biography", Williams was not too enamoured with "Half as Much" and only recorded it at producer Fred Rose's insistence. Williams recorded it at a session at Castle Studio in Nashville on August 10, 1951. He was backed by Jerry Rivers (fiddle), Don Helms (steel guitar), Sammy Pruett (lead guitar), Howard Watts (bass), probably Jack Shook (rhythm guitar), and either Owen Bradley or Fred Rose on piano. "Half as Much" is notable for being the only Hank Williams recording to feature a solo barroom piano at its conclusion. Two months after Williams recorded "Half as