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Optimization in Economic Theory Paperback – August 31, 2002

ISBN-13: 978-0198772101 ISBN-10: 0198772106 Edition: 2nd

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Product Details

  • Paperback: 206 pages
  • Publisher: Oxford University Press; 2 edition (August 31, 2002)
  • Language: English
  • ISBN-10: 0198772106
  • ISBN-13: 978-0198772101
  • Product Dimensions: 8.5 x 5.5 x 0.5 inches
  • Shipping Weight: 8.8 ounces (View shipping rates and policies)
  • Average Customer Review: 4.5 out of 5 stars  See all reviews (10 customer reviews)
  • Amazon Best Sellers Rank: #101,276 in Books (See Top 100 in Books)

Editorial Reviews

Review


"This excellent little gem of a book stresses exactly what students of economics need to learn about optimization."--Henry Thompson, Auburn University


"Much improved from first edition. Excellent text for sophisticated upperclassmen, graduate students, and rusty practicing economists."--Bill Lord, University of Maryland


On the first edition: "Dixit presents an extremely clear and lucid introduction to the methods and applications of optimization in economics....This book would serve as an excellent supplementary reading for advanced undergraduate or first year graduate students in microeconomic theory or mathematical economics courses."--Choice


About the Author

Avinash K. Dixit is at Princeton University.

More About the Author

Avinash K. Dixit is John J.F. Sherrerd University Professor of Economics at Princeton University, where he offers his popular freshman course in game theory. He is among the world's leading economists, having made fundamental contributions in several major fields, including Game Theory. He is world famous. He is the author of many books, including "Thinking Strategically" (Norton, 1991), "Investment Under Uncertainty" (Princeton UP, 1994), and "The Art of Strategy" (Norton, 2009).

Customer Reviews

4.5 out of 5 stars
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Most Helpful Customer Reviews

17 of 18 people found the following review helpful By A Customer on July 11, 1997
Format: Paperback
I used this book while taking a class with Professor Dixit at Princeton University. Unlike most economists, Dixit is a clear, comprehensible, and engaging author. Although the subject of the book sounds dry, Dixit shows not only how math can be applied to economics, but why it _must_ be. Dixit is a great economist and an even greater educator.

Highly recommended for those that really want to understand economics.
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10 of 10 people found the following review helpful By A Customer on June 29, 2004
Format: Paperback
If you haven't had a lot of math before entering an econ PhD program, this book is a great intro. I highly recommend if you need info on
- Lagrange's method & Shadow prices
- Value functions
- Convex sets
- Maximum Theorem
- Dynamic Programming
It's a quick read, but well worth your time.
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12 of 13 people found the following review helpful By A Customer on July 28, 2001
Format: Paperback
This book is a gem. Very clear exposition of the lagrange method and multipliers, and other optimization methods. Dixit finds economic intuition in every step of the math. I pick up this book anytime I need to remind myself how the mind of a clear economic thinker works. No personal economics library could be complete without it.
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6 of 6 people found the following review helpful By A Customer on December 18, 2002
Format: Paperback
This book is an excellent supplement for classroom lecture. I often used it to clarify methodology used in my graduate level macroeconomics course. The presentation of the maximum principle and Hamiltonians in dynamic optimization was most helpful. In about 10 pages he clarified what 6 hours of reviewing lecture notes could not.
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1 of 1 people found the following review helpful By CaRaPr on July 2, 2010
Format: Paperback Verified Purchase
The book focus on the intuition of the problems. I would say that is the point in which economics departs from mathematics. As an economist, I enjoyed the book. But honestly, I don't think a mathematician/engineer would like it.
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