Utility Representations of Risk Neutral Preferences in Multiple Dimensions

Author(s): Jon X.Eguia

Source:
    Journal:Quarterly Journal of Political Science
    ISSN Print:1554-0626,  ISSN Online:1554-0634
    Publisher:Now Publishers
    Volume 4 Number 4,

Document Type: Article
Pages: 7 (379-385)
DOI: 10.1561/100.00009059

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 ideal policy of the agent.

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