Find the local maximum and minimum of LaTeX:  \displaystyle f(x) = x^{3} - 3 x - 1 .

To find the critical numbers solve LaTeX:  \displaystyle f'(x) = 0 . The derivative is LaTeX:  \displaystyle f'(x) = 3 x^{2} - 3 . Solving LaTeX:  \displaystyle 3 x^{2} - 3 = 0 gives LaTeX:  \displaystyle x = \left[ -1, \  1\right] . Using the 2nd derivative test gives:
LaTeX:  \displaystyle f''\left( -1 \right) = -6  which is less than zero, so the function is concave down and LaTeX:  \displaystyle f\left(-1\right) = 1 is a local maximum.
LaTeX:  \displaystyle f''\left( 1 \right) = 6  which is greater than zero, so the function is concave up and LaTeX:  \displaystyle f\left(1\right) = -3 is a local minimum.