An Explanation of Constrained Optimization for Economists

Nonfiction, Social & Cultural Studies, Social Science, Sociology, Business & Finance, Economics
Cover of the book An Explanation of Constrained Optimization for Economists by Peter Morgan, University of Toronto Press, Scholarly Publishing Division
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Peter Morgan ISBN: 9781442665934
Publisher: University of Toronto Press, Scholarly Publishing Division Publication: May 7, 2015
Imprint: Language: English
Author: Peter Morgan
ISBN: 9781442665934
Publisher: University of Toronto Press, Scholarly Publishing Division
Publication: May 7, 2015
Imprint:
Language: English

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.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

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.

More books from University of Toronto Press, Scholarly Publishing Division

Cover of the book If I Lose Mine Honour, I Lose Myself by Peter Morgan
Cover of the book Writing the Yugoslav Wars by Peter Morgan
Cover of the book Viola Florence Barnes, 1885-1979 by Peter Morgan
Cover of the book Trilingual Joyce by Peter Morgan
Cover of the book Arthur of England by Peter Morgan
Cover of the book Old Europe, New Suburbanization? by Peter Morgan
Cover of the book Atlantic Canadian Imprints by Peter Morgan
Cover of the book Divided Loyalties by Peter Morgan
Cover of the book Stillness in Motion by Peter Morgan
Cover of the book Experience into Thought by Peter Morgan
Cover of the book Compact, Contract, Covenant by Peter Morgan
Cover of the book Reflections on Native-Newcomer Relations by Peter Morgan
Cover of the book The things that are Caesar's by Peter Morgan
Cover of the book Community-Based Prevention by Peter Morgan
Cover of the book Memoirs and Reflections by Peter Morgan
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy