I would think that most nodes get the majority of their votes in the first day to a maybe a week after they are posted when they are on the Newest Nodes or the Front Page. After they roll off those the chance of getting a vote is a lot less.
for that day or week (possibly weighted more towards the day it was posted) you should account the bulk of the voting to be done on that node.
If a node continues to get votes after this time it makes sense to rank it higher (or lower for down votes), since that would indicate (to me at least) a strong staying power or usefulness of that node.