2023/12/15 by Christoph Börgers, Bruce Boghosian, Bruce M. Boghosian +2 · 1 citation
Physics and Astronomy · Economics, Econometrics and Finance · Decision Sciences · #Opinion Dynamics and Social Influence #Complex Systems and Time Series Analysis #Game Theory and Applications
paper · doi:10.1080/00029890.2023.2286221
Political candidates often shift their positions opportunistically in hopes of capturing more votes. When there are only two candidates, the best strategy for each of them is often to move toward the other. This eventually results in two centrists with coalescing views. However, the strategy of moving toward the other candidate is no longer optimal when enough voters abstain instead of voting for a centrist who does not represent their views. These observations, formalized in various ways, have been made many times. Our own formalization is based on differential equations. The surprise and main result derived from these equations is that the final candidate positions can jump discontinuously as the voters’ loyalty toward their candidate wanes. The underlying mathematical mechanism is a blue sky bifurcation.