Re:A New Aristocracy [pdf]
by SamReidHughes on Thursday August 20, 2015 @03:09PM
(#10093953)
Maybe you should have made clear in your post, then, that u is utility, not income. If u is utility and v is income, then v'(x)/v(x) ~ u'(x), more or less. Most measures of inequality involve dollar ratios, which seem to correspond to differences in utility, or at least to self-reported happiness.
Inequality is most definitely NOT defined by ratios of a utility function. The convexity of the OP was in the utility function; he seemed to believe that convexity of reward (and hence of utility, assuming u(reward) is monotonic) would only increase the reward for those at the top.