coefficient over last four decades. This seems to suggest a robust empirical evidence that the growth or change in inequality … across nations has a negative relation with initial degree of inequality. This would imply that poorer nations starting with … higher degree of inequality experience weaker growth in inequality, exhibiting some sort of convergence in the inequality …

deviation (in beliefs, utility, or perceived prices) is within e of expected utility theory. The number e can then be used as a … distance to the theory. We apply our methodology to three recent large-scale experiments. Many subjects in those experiments …