Intro to Mathematical Economics
Eigenvectors are special vectors associated with a square matrix that, when that matrix is multiplied by the eigenvector, result in a vector that is a scalar multiple of the original eigenvector. This property highlights the significance of eigenvectors in understanding linear transformations, where they indicate directions that remain unchanged under the transformation. Eigenvectors, along with their corresponding eigenvalues, play a vital role in various applications including stability analysis and differential equations.
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