What if the outcome most preferred by the median voter is a poor outcome? Say, Brexit.
All tagged Median Voter Theorem
What if the outcome most preferred by the median voter is a poor outcome? Say, Brexit.
The reason that the election manifestos are so far apart is not because the Median Voter Theorem does not hold but rather, it is because there is incomplete information and different presumptions by both parties as to “who” exactly the Malaysian Median Voter is.