Optimizing data-driven weights in multidimensional indexes

C-Tier
Journal: Economics Letters
Year: 2025
Volume: 255
Issue: C

Authors (3)

Ceriani, Lidia (not in RePEc) Gigliarano, Chiara (not in RePEc) Verme, Paolo (Alma Mater Studiorum - Univers...)

Score contribution per author:

0.335 = (α=2.01 / 3 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

Multidimensional indexes are ubiquitous, and popular, but present non negligible normative choices when it comes to attributing weights to their dimensions. This paper provides a more rigorous approach to the choice of weights by defining a set of desirable properties that weighting models should meet. It shows that Bayesian Networks is the only model across statistical, econometric, and machine learning computational models that meets these properties. An example with EU-SILC data illustrates this new approach highlighting its potential for policies.

Technical Details

RePEc Handle
repec:eee:ecolet:v:255:y:2025:i:c:s0165176525003362
Journal Field
General
Author Count
3
Added to Database
2026-01-29