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Two political candidates, A and B, are competing in an election. Voters have different political views, which can be represented as points along a line from 0 to 1: 0 represents the far left, and 1 represents the far right. Voters are evenly spread across this political spectrum, meaning that every position along the line has the same number of voters. Each voter votes for the candidate whose position is closest to their own. If both candidates are equally close, the voter chooses randomly. Each candidate chooses a position on the spectrum (a number between 0 and 1) at the same time, aiming to get as many votes as possible. What position will candidate A and B choose in the Nash equilibrium respectively? For example, š‘„ š“ = 0.2 and š‘„ šµ = 0.6

Options
A.0.5
B.0.5
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The question describes a classic spatial voting model with a single-peaked, uniform distribution of voters along the interval [0,1], where each voter supports the candidate closest to them and ties are broken randomly. Option 1: 0.5 for A and 0.5 for B. - Consider a symmetric profile where both candidates choose the same position x. If x is not 0.5, say x < 0.5, then candidate B can move slightly to the right toward 0.5 and capture more voters on the right half, while the left-side voters would still be clos......Login to view full explanation

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