POS-4424 Study Guide - Final Guide: Indifference Curve, Upper Class, Public Health Insurance Option
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Pos 4424-0002 final exam study guide: spatial models. Unidimensional spatial models median voter theorem feasible policy alternative. single-peaked, voting proceeds under pure majority rule, and all voters can offer amendments. then the median voter"s ideal point will prevail. If the issue is unidimensional, voters decide based on their preferences, preferences are. A policy alternative that always prevails in a majority rule vote against any other. In a setting where the median voter theorem applies, then the median is the. What is the median in a legislature with an even number of voters? (two middle voters are median voters) Mckelvey"s chaos theorem where under the right conditions any policy can be defeated by another policy. In multidimensional policy space, condorcet winners generally do not exist. Each voter can have transitive preferences, but the group choice is not transitive. If more than two decision makers are making decisions on a policy that can be.
