Utility Representations of Risk Neutral Preferences in Multiple Dimensions

Jon X. Eguia*

*Corresponding author for this work

Research output: Contribution to journalArticle (Academic Journal)peer-review

4 Citations (Scopus)

Abstract

I show that in a multidimensional spatial model, if an agent is risk neutral on each side of the policy space away from his/her ideal point, then his/her utility function is linearly decreasing not in the Euclidean, but rather in the city block distance to the idea I Policy of the agent.

Original languageEnglish
Pages (from-to)379-385
Number of pages7
JournalQuarterly journal of political science
Volume4
Issue number4
DOIs
Publication statusPublished - 2009

Keywords

  • Utility representation
  • spatial models
  • multidimensional preferences
  • risk neutrality
  • city block preferences
  • CANDIDATE EVALUATION
  • AMBIGUITY
  • DISTANCE
  • MODELS

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