Today's Math Boot Camp session at Mason was on optimization. Basically, solve the First Order Condition for x* and y*. Then confirm that you are maximizing (and not minimizing) by showing the Second Order Condition is negative. Finally, go home and read some Hayek.
If you skip the third step, you are clearly not optimizing...
Subscribe to:
Post Comments (Atom)
Posts
2 comments:
Oh, no! I failed to optimize! Must optimize now. Does "Hayek's Challenge" count?
[Refers to judges...]
That look's like a yes.
Post a Comment