Question

Imagine a beach with beachgoers evenly distributed throughout. It's a hot day and there are two ice cream vendors who start out far away from each other. They quickly discover that if they move closer to the center of the beach, they keep customers on their far side of the beach while poaching customers near their rival. Eventually, both vendors end up right next to each other in the middle of the beach. Which concept predicts the conclusion of this story?

Answer 1

Answer:

Median voter theorem

Explanation:

The median voter theorem states that "a majority rule voting system will select the outcome most preferred by the median voter".

This means that while there are people that want to go with a certain ice cream vendor, there is a chance that they will actually go to the other vendor because they see more people with the other and this will eventually cause that both vendors have the same amount, or at least an approximate, of customers.