Lagrangian Multipliers

There is a section in the assigned “Optimization” reading due Thursday, 1/17 on pp. 74-76 entitled “Lagrangian Multipliers” which (as noted in footnote 9 of that reading) may be skipped without loss of continuity. The primary purpose of this chapter is to re-acquaint students with basic calculus and how to use the calculus to solve so-called optimization problems. Since the course only requires solving unconstrained optimization problems, there’s no need for Lagrangian multipliers.

Besides reading the articles entitled “Optimization” and “How long does it take to double (triple/quadruple/n-tuple) your money?” in preparation for this coming Thursday’s meeting of Finance 4335, make sure that you fill out and email the student information form as a file attachment to risk@garven.com prior to the beginning of tomorrow’s class. As I explained during today’s class meeting, this assignment counts as a problem set, and your grade is 100 if you turn this assignment in on time (i.e., sometime prior to tomorrow’s class meeting) and 0 otherwise.

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