Risk Aversion: Implications for Spatial Voting Models
نویسنده
چکیده
Several spatial voting models allowing to locate voters or legislators on latent dimensions have been developed, giving rise to an important number of studies in the literature on representation. These techniques assume that actors choose between alternatives by comparing their corresponding utilities; all utilities being defined as a function of the ideological distances between the voter and the alternative. However, it is known that the propensity to take risks varies across individuals and some alternatives are riskier than others. This paper is an attempt to take this specificity into account in spatial voting models and finds that there is no effect of risk attitudes on legislative voting behavior.
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