Bordered Hessian For Constrained Optimisation . #Bordered_Hessian #FOC #GATE #secondordercondition

Bordered Hessian is a matrix method to optimize an objective function f(x,y) . the word optimization is used here because in real life there are always limitations ( constraints ) which we have to consider and we have to maximize ( if it is output or utility function ) or minimize ( if it is a cost function ) with respect to the limitation.
#mathematicaleconomics
#linearalgebra
#hessian

Видео Bordered Hessian For Constrained Optimisation . #Bordered_Hessian #FOC #GATE #secondordercondition канала ECON MATHS