The eigenvalue equation is a fundamental concept in linear algebra and quantum mechanics that relates a linear operator (or matrix) to its eigenvalues and eigenvectors. It is expressed as $$A \psi = \lambda \psi$$, where $$A$$ is the operator, $$\psi$$ is the eigenvector, and $$\lambda$$ is the eigenvalue. This equation provides important insights into the behavior of quantum systems, especially when examining observables and their measurements.