Utility Representations of Risk Neutral Preferences in Multiple Dimensions

Jon X. Eguia

doi:10.1561/100.00009059

Utility Representations of Risk Neutral Preferences in Multiple Dimensions

Jon X. Eguia^*

^*Corresponding author for this work

School of Economics

Research output: Contribution to journal › Article (Academic Journal) › peer-review

5 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 language	English
Pages (from-to)	379-385
Number of pages	7
Journal	Quarterly journal of political science
Volume	4
Issue number	4
DOIs	https://doi.org/10.1561/100.00009059
Publication status	Published - 2009

Keywords

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

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title = "Utility Representations of Risk Neutral Preferences in Multiple Dimensions",

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.",

keywords = "Utility representation, spatial models, multidimensional preferences, risk neutrality, city block preferences, CANDIDATE EVALUATION, AMBIGUITY, DISTANCE, MODELS",

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AB - 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.

KW - Utility representation

KW - spatial models

KW - multidimensional preferences

KW - risk neutrality

KW - city block preferences

KW - CANDIDATE EVALUATION

KW - AMBIGUITY

KW - DISTANCE

KW - MODELS

U2 - 10.1561/100.00009059

DO - 10.1561/100.00009059

M3 - Article (Academic Journal)

VL - 4

SP - 379

EP - 385

JO - Quarterly journal of political science

JF - Quarterly journal of political science

SN - 1554-0626

IS - 4

ER -

Utility Representations of Risk Neutral Preferences in Multiple Dimensions

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Keywords

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