{"product_id":"an-explanation-of-constrained-optimization-for-economists-4","title":"An Explanation of Constrained Optimization for Economists","description":"\u003cp\u003eIn 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.\u003c\/p\u003e\n\u003cp\u003eMost 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 \u003cem\u003eExplanation of Constrained Optimization for Economists\u003c\/em\u003e 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.\u003c\/p\u003e\n","brand":"By Peter B. Morgan","offers":[{"title":"Default Title","offer_id":55075342254460,"sku":"9781442665927","price":66.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0251\/4980\/0541\/files\/9781442665927.jpg?v=1743626423","url":"https:\/\/combined-academic.myshopify.com\/products\/an-explanation-of-constrained-optimization-for-economists-4","provider":"Combined Academic Publishers - Mare Nostrum Group","version":"1.0","type":"link"}