What is an Euler equation?

An Euler equation is a difference or differential equation that is an intertempo- ral first-order condition for a dynamic choice problem. It describes the evolution of economic variables along an optimal path.

How do you solve Euler equations?

The basic approach to solving Euler equations is similar to the approach used to solve constant-coefficient equations: assume a particular form for the solution with one constant “to be determined”, plug that form into the differential equation, simplify and solve the resulting equation for the constant, and then

Why is Euler’s equation used?

The equations are a set of coupled differential equations and they can be solved for a given flow problem by using methods from calculus. The Euler equations neglect the effects of the viscosity of the fluid which are included in the Navier-Stokes equations.

What is the most beautiful equation?

Euler’s identity

What is linear equation in differential equation?

In mathematics, a linear differential equation is a differential equation that is defined by a linear polynomial in the unknown function and its derivatives, that is an equation of the form. where , , and are arbitrary differentiable functions that do not need to be linear, and.

What is Legendre differential equation?

Since the Legendre differential equation is a second-order ordinary differential equation, it has two linearly independent solutions. A solution which is regular at finite points is called a Legendre function of the first kind, while a solution which is singular at is called a Legendre function of the second kind.

How do you pronounce Euler?

In almost every source I know, Euler has been pronounced as /ˈȯi-lər/ . Nevertheless, in a number of books translated to other languages, it is mentioned as: /ˈjuːlər/ .

Why is Euler’s Identity beautiful?

“Euler’s identity is amazing because it is simple to look at and yet incredibly profound,” says David Percy of the University of Salford in the UK – who could not choose between this and Bayes’ theorem.