In a congressional district somewhere in the U.S. West a new representative is being elected. The voters
Question:
In a congressional district somewhere in the U.S. West a new representative is being elected. The voters all have one-dimensional political views that can be neatly arrayed on a left-right spectrum. We can define the “location” of a citizen’s political views in the following way. The citizen with the most extreme left-wing views is said to be at point 0 and the citizen with the most extreme right-wing views is said to be at point 1. If a citizen has views that are to the right of the views of the fraction x of the state’s population, that citizen’s views are said to be located at the point x. Candidates for office are forced to publically state their own political position on the zero-one left-right scale. Voters always vote for the candidate whose stated position is nearest to their own views. (If there is a tie for nearest candidate, voters flip a coin to decide which to vote for.)
There are two candidates for the congressional seat. Suppose that each candidate cares only about getting as many votes as possible. Is there an equilibrium in which each candidate chooses the best position given the position of the other candidate? If so, describe this equilibrium.
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