Examlex
A manufacturer may be liable for a failure to exercise due care to any person who sustains an injury caused by a defective product.
Median Voter Theorem
A theory that suggests the outcome of a majority vote is most likely to match the preferences of the median voter.
Majority-Rule
A decision-making process that follows the principle that the opinions or preferences of more than half of the members of a group have the authority to make decisions binding on the whole group.
Median Voter
A theoretical concept in political science and economics suggesting that the outcome of a majority rule voting process will reflect the preferences of the median voter when preferences are single-peaked.
Decision Making
The cognitive process of selecting a course of action from among multiple alternatives.
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