Examlex
Describe the different usage of bulleted lists, numbered lists, and lettered lists.
Median Voter
A theoretical concept in political economy and public choice theory that suggests policies are determined by the preferences of the median voter when voters are positioned along a single policy dimension.
Voter Type
Refers to categories of voters distinguished by specific characteristics such as political preference, age, or socioeconomic status.
Arrow Impossibility Theorem
A principle stating that no rank-order voting system can be designed that always satisfies three fairness criteria: non-dictatorship, unrestricted domain, and independence of irrelevant alternatives.
Social Choice
The study of collective decision processes and voting systems, analyzing how individual preferences are aggregated to reach a collective decision or social welfare outcome.
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