Voting models attempt to translate individual preferences in terms of Public Choice. Explain how the majority voting works in this context.

In the context of public choice theory, voting models aim to understand and analyze how individual preferences are translated into collective decisions through the voting process. Majority voting is one such voting model that seeks to determine the outcome of a decision based on the preferences of the majority. It assumes that the option preferred by the largest number of voters will be chosen as the collective decision. Here's how majority voting works in this context:

1. Preferences and Choices: In majority voting, each individual voter expresses their preference by voting for one of the available options. The options can vary depending on the context, such as different candidates in an election or various policy alternatives. Each voter ranks the options based on their personal preferences, with their most preferred option receiving the highest rank.

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