A method for inverting dielectric logging tool measurement data to estimate an electrical characteristic of an earth formation includes: receiving measurement data from the logging tool having a transmitter antenna and receiver antennas spaced known distances from the transmitter antenna; establishing an equation relating magnetic field measurements made by the receiver antennas to the distances and a wave vector; establishing an error equation that quantifies a difference between the magnetic field measurements made by the receiver antennas to magnetic field measurements made by the receiver antennas that would be obtained with an estimated formation electrical characteristic; calculating an error using the error equation for an initial estimated value of the wave vector that comprises a term having a first number multiplied times a second number of radians to provide a plurality of calculated errors; and determining a minimum error from the plurality of calculated errors to estimate the electrical characteristic.