The derivative factors as
The polynomial is differentiable everywhere, so its critical points occur precisely where this derivative vanishes. Hence
Their values are and .
The relevant derivatives at are
Thus the cubic Taylor polynomial is
In fact the exact expansion is , so the omitted term has order in big O notation.
At , , so the second-derivative test gives a strict local minimum. In fact is negative for and positive for except at , so is the global minimum as well.
At , the second-derivative test is inconclusive because . But changes from negative to positive across , while . Hence this is a stationary inflection point. Equivalently, the leading nonconstant term in the Taylor polynomial changes sign across . The paper explicitly uses “saddle point” to mean an inflection point, so in its terminology the classification is
Here the “saddle point” is a one-dimensional stationary inflection point, rather than the usual multivariable use of saddle point of a scalar function.[ref]

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