In public choice economics, the median voter theorem states that “In a majority rule voting system, the candidate/party most preferred by the median voter will be elected”. In other words, the favorite candidate of the person in the middle of the probability distribution picks the winner of the election. The prediction of the model, therefore, is what intuitively seems questionable (given today’s politics), namely that: Candidates will position themselves around the center.

And the “probability distribution” is also known as the Bell Curve or “Normal Distribution” of percentage points above and below the Mean, zed, gleaned from a randomized sample, N. That’s the thing about statistics that has earned Economics the moniker, the “dismal science.”

## The Median Voter Theorem (1948)

And the “probability distribution” is also known as the Bell Curve or “Normal Distribution” of percentage points above and below the Mean, zed, gleaned from a randomized sample, N. That’s the thing about statistics that has earned Economics the moniker, the “dismal science.”