Lagrange Multiplier - Statistics How To
17:09
Lagrange Multiplier - Statistics How To
Oct 19, 2017
statisticshowto.com
Le Finance Bro on Instagram: "POV: You are just trying to buy snacks but your brain is stuck in Microeconomics 101. Normal people look at the price tag. Economics students calculate the Marginal Rate of Substitution. The video shows the struggle of trying to maximize utility subject to a budget constraint in the chips aisle. Instead of checking if he is hungry, he is deriving the Lagrange multiplier to find the optimal bundle of goods. The Shopping List Strategy: 1- The Goal: Reach the highest p
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Le Finance Bro on Instagram: "POV: You are just trying to buy snacks …
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