Utility Representations of Risk Neutral Preferences in Multiple Dimensions
Quarterly Journal of Political Science (QJPS) | 15/12/2009
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.
Jon X. Eguia (2009), "Utility Representations of Risk Neutral Preferences in Multiple Dimensions", Quarterly Journal of Political Science: Vol. 4: No. 4, pp 379-385. http://dx.doi.org/10.1561/100.00009059