ChrisHallquist comments on A Voting Puzzle, Some Political Science, and a Nerd Failure Mode - Less Wrong
You are viewing a comment permalink. View the original post to see all comments and the full post content.
You are viewing a comment permalink. View the original post to see all comments and the full post content.
Comments (180)
There's the classic economic textbook example of two hot-dog vendors on a beach that need to choose their location - assuming an even distribution of customers, and that customers always choose the closest vendor; the equilibrium location is them standing right next to each other in the middle; while the "optimal" (from customer view, minimizing distance) locations would be at 25% and 75% marks.
This matches the median voter principle - the optimal behavior of candidates is to be as close as possible to the median but on the "right side" to capture "their half" of the voters; even if most voters in a specific party would prefer their candidate to cater for, say, the median Republican/Democrat instead, it's against the candidates interests to do so.
Life makes so much more sense now.
Seriously, I always wondered why I always see a Walgreens and a CVS across the street from each other. Or why I see the same with two competing chains of video stores (not that I see video stores much anymore, in this age of Netflix.)
Actually, that's probably a different phenomenon. Stores of a similar type tend to cluster, because that's where the customers (and, to some extent, suppliers) cluster. If you were opening a new flower stall, then 1% of the 10K potential customers in the flower market is still a better deal than 100% of the 10 potential customers on some random street corner.