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Explanation of Constrained Optimization for Economists

Language EnglishEnglish
Book Hardback
Book Explanation of Constrained Optimization for Economists Peter Morgan
Libristo code: 09097231
Publishers University Of Toronto Press, April 2015
In a constrained optimization problem, the decisionmaker wants to select the "optimal" choice - the... Full description
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In a constrained optimization problem, the decisionmaker wants to select the "optimal" choice - the one most valuable to him or her - that also meets all of the constraints imposed by the problem. Such problems are at the heart of modern economics, where the typical behavioral postulate is that a decisionmaker behaves "rationally"; that is, chooses optimally from a set of constrained choices. Most books on constrained optimization are technical and full of jargon that makes it hard for the inexperienced reader to gain a holistic understanding of the topic. Peter B. Morgan's Explanation of Constrained Optimization for Economists solves this problem by emphasizing explanations, both written and visual, of the manner in which many constrained optimization problems can be solved. Suitable as a textbook or a reference for advanced undergraduate and graduate students familiar with the basics of one-variable calculus and linear algebra, this book is an accessible, user-friendly guide to this key concept.

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About the book

Full name Explanation of Constrained Optimization for Economists
Author Peter Morgan
Language English
Binding Book - Hardback
Date of issue 2015
Number of pages 504
EAN 9781442646537
ISBN 1442646535
Libristo code 09097231
Publishers University Of Toronto Press
Weight 1606
Dimensions 289 x 227 x 33

Categories

Economics, Finance, Business & Management > Economics > Econometrics & economic statistics
Economics, Finance, Business & Management > Business & Management > Business mathematics & systems
Mathematics & Science > Mathematics > Optimization
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