An Explanation of Constrained Optimization for Economists - Softcover

Morgan, Peter B.

Softcover

ISBN 10: 1442614463 ISBN 13: 9781442614468

Verlag: University of Toronto Press, 2015

Inhaltsangabe

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.

Über diesen Titel

Über die Autorin bzw. den Autor

Peter B. Morgan is an associate professor in the Department of Economics at the University at Buffalo.

Details zur Ausgabe

• Verlag: University of Toronto Press
• Erscheinungsdatum: 2015
• Sprache: Englisch
• ISBN 10: 1442614463
• ISBN 13: 9781442614468
• Einband: Taschenbuch
• Anzahl der Seiten: 480
• Kontakt zum Hersteller: Nicht verfügbar
• Verantwortliche Person: Nicht verfügbar