The Median-Voter Model Implies That a Political Office Seeker Will

question 208

Multiple Choice

The median-voter model implies that a political office seeker will

• A)adopt more extreme views when seeking his or her party's nomination than when running against the other party's opponent.
• B)adopt less extreme views when seeking his or her party's nomination than when running against the other party's opponent.
• C)favor extensive government spending because demand curves for public goods are added vertically rather than horizontally.
• D)favor the private resolution of externality problems rather than governmental intervention.

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Definitions:

Endowment Effect

A cognitive bias that causes individuals to value an owned object higher than it would be valued if it were not owned.

Frame Dependence

Refers to the phenomenon where an individual's decision-making is influenced by the way information is presented, rather than just the information itself.

Law of Small Numbers

A cognitive bias that leads people to draw broad conclusions from small data sets or limited observations.

Affect Heuristic

A mental shortcut that allows people to make decisions and solve problems quickly based on their emotions and feelings.