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Add more explanation and comments on functions we used in the exercise scipy.optimize.minimize_scalar and scipy.optimize.newton
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Explain willingness to pay and the actual price. We can add a visualization showing consumers' willingness to pay and calculate the discrepancy to the actual price (Can we run a simulation?).
The text was updated successfully, but these errors were encountered:
We can add a visualization showing consumers' willingness to pay and calculate the discrepancy to the actual price
Perhaps we could do this with a discrete bar graph first, so that readers can understand the integral is just an approximation of a sum.
Also, could have an introductory discussion of integration as computing area under a curve, and provide the simple integration rules that we are going to use.
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This PR collects feedback from the reading group on
intro_supply_demand
.Code
NamedTuple
scipy.optimize.minimize_scalar
andscipy.optimize.newton
Content
The text was updated successfully, but these errors were encountered: