Probabilistic voting model: Difference between revisions

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The '''probabilistic voting theory''', also known as the '''probabilistic voting model''', is a [[voting theory]] developed by professorprofessors [[MelvinAssar HinichLindbeck]] and [[Jörgen Weibull]] in the article "Balanced-budget redistribution as the outcome of political competition", published in 1987 in the journal Public Choice, which has gradually replaced the [[median voter theory]], thanks to its ability to find an equilibrium in a multi-dimensional space.

The probabilistic voting model assumes that voters are imperfectly informed about candidates and their platforms. Candidates are also imperfectly informed about the utility preferences of the electorate and the distribution of voters' preferences.