# Question: 2 candidates compete by selecting a location in the interval...

###### Question details

2 candidates compete by selecting a location in the interval [0,1]. Whichever location is closer to the median voter wins. The median voter is a random variable drawn from the uniform distribution on [0,1]. In class we assume that the utility to candidate 1 from the location of the winning positin, w is –(0-w)^2, and the utility to candidate 2 from the winning location w is –(1-w)^2