Eigenvectors for Economists

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This video explains how eigenvectors could be used in economics in connection to transition (stochastic) matrices.

00:00 Intro
00:31 Problem
02:49 Eigenvectors
08:37 Solution
09:31 Outro
  1. MathsCharts
  2. Eigenvector
  3. Economist
  4. Eigenvalue
  5. Mathematics
  6. Maths
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Комментарии
Автор

Excellent
There are lots of videos about this but you only explain it from real life. Hats off to you.

mohammadiftekharalam
Автор

OMG, such a handsome and well-dressed young man - and he's talking about eigenvectors and eigenvalues!! You know I'm going to hit those like and subscribe buttons!

partialorder
Автор

Thanks for the effort! Love the enthusiasm and facial expressions :D
Here is some feedback: (1) The initial 30 seconds felt disconnected with the remaining of the video. You could start immediatelly with the interesting problem of two phone companies and what the market would be in 60 years. That by itself is motivating and can increase engagement, while the names of some phone companies isn't. (2) at around 4:30, it's probably a good idea to take the time and show the second eigen vector (with numbers) before going to the abstract λ_1, λ_2. Because for someone unfamiliar, they wouldn't really know a 2x2 matrix has 2 eigenvectors, so expanding into two of them immediatelly with symbols comes a bit out of the blue.

georgedatseris