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Contraction Mapping Theorem
In mathematics, the Banach fixed-point theorem (also known as the contraction mapping theorem or contractive mapping theorem) is an important tool in the theory of metric spaces; it guarantees the existence and uniqueness of fixed points of certain self-maps of metric spaces, and provides a constructive method to find those fixed points. It can be understood as an abstract formulation of Picard's method of successive approximations. The theorem is named after Stefan Banach (1892–1945) who first stated it in 1922. Statement ''Definition.'' Let (X, d) be a complete metric space. Then a map T : X \to X is called a contraction mapping on ''X'' if there exists q \in non-empty complete metric space with a contraction mapping T : X \to X. Then ''T'' admits a unique Fixed point (mathematics)">fixed-point x^* in ''X'' (i.e. T(x^*) = x^*). Furthermore, x^* can be found as follows: start with an arbitrary element x_0 \in X and define a sequence (x_n)_ by x_n = T(x_) for n \geq 1. Then \li ...
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Mathematics
Mathematics is an area of knowledge that includes the topics of numbers, formulas and related structures, shapes and the spaces in which they are contained, and quantities and their changes. These topics are represented in modern mathematics with the major subdisciplines of number theory, algebra, geometry, and analysis, respectively. There is no general consensus among mathematicians about a common definition for their academic discipline. Most mathematical activity involves the discovery of properties of abstract objects and the use of pure reason to prove them. These objects consist of either abstractions from nature orin modern mathematicsentities that are stipulated to have certain properties, called axioms. A ''proof'' consists of a succession of applications of deductive rules to already established results. These results include previously proved theorems, axioms, andin case of abstraction from naturesome basic properties that are considered true starting points of ...
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Cauchy Sequence
In mathematics Mathematics is an area of knowledge that includes the topics of numbers, formulas and related structures, shapes and the spaces in which they are contained, and quantities and their changes. These topics are represented in modern mathematics ..., a Cauchy sequence (; ), named after Augustin-Louis Cauchy, is a sequence whose Element (mathematics), elements become arbitrarily close to each other as the sequence progresses. More precisely, given any small positive distance, all but a finite number of elements of the sequence are less than that given distance from each other. It is not sufficient for each term to become arbitrarily close to the term. For instance, in the sequence of square roots of natural numbers: a_n=\sqrt n, the consecutive terms become arbitrarily close to each other: a_-a_n = \sqrt-\sqrt = \frac d. (Actually, any m > \left(\sqrt + d\right)^2 suffices.) As a result, despite how far one goes, the remaining terms of the sequence never get c ...
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T1 Space
In topology and related branches of mathematics, a T1 space is a topological space in which, for every pair of distinct points, each has a neighborhood not containing the other point. An R0 space is one in which this holds for every pair of topologically distinguishable points. The properties T1 and R0 are examples of separation axioms. Definitions Let ''X'' be a topological space In mathematics, a topological space is, roughly speaking, a geometrical space in which closeness is defined but cannot necessarily be measured by a numeric distance. More specifically, a topological space is a set whose elements are called points ... and let ''x'' and ''y'' be points in ''X''. We say that ''x'' and ''y'' are if each lies in a neighbourhood (mathematics), neighbourhood that does not contain the other point. * ''X'' is called a T1 space if any two distinct points in ''X'' are separated. * ''X'' is called an R0 space if any two topologically distinguishable points in ''X'' are separa ...
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Iterated Function
In mathematics, an iterated function is a function (that is, a function from some set to itself) which is obtained by composing another function with itself a certain number of times. The process of repeatedly applying the same function is called iteration. In this process, starting from some initial object, the result of applying a given function is fed again in the function as input, and this process is repeated. For example on the image on the right: :with the circle‑shaped symbol of function composition. Iterated functions are objects of study in computer science, fractals, dynamical systems, mathematics and renormalization group physics. Definition The formal definition of an iterated function on a set ''X'' follows. Let be a set and be a function. Defining as the ''n''-th iterate of (a notation introduced by Hans Heinrich Bürmann and John Frederick William Herschel), where ''n'' is a non-negative integer, by: f^0 ~ \stackrel ~ \operatorname_ ...
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Set (mathematics)
A set is the mathematical model for a collection of different things; a set contains '' elements'' or ''members'', which can be mathematical objects of any kind: numbers, symbols, points in space, lines, other geometrical shapes, variables, or even other sets. The set with no element is the empty set; a set with a single element is a singleton. A set may have a finite number of elements or be an infinite set. Two sets are equal if they have precisely the same elements. Sets are ubiquitous in modern mathematics. Indeed, set theory, more specifically Zermelo–Fraenkel set theory, has been the standard way to provide rigorous foundations for all branches of mathematics since the first half of the 20th century. History The concept of a set emerged in mathematics at the end of the 19th century. The German word for set, ''Menge'', was coined by Bernard Bolzano in his work ''Paradoxes of the Infinite''. Georg Cantor, one of the founders of set theory, gave the following defin ...
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Czesław Bessaga
Czesław, ( cz, Česlav, be, italic=yes, Časłaŭ; Česłaŭ, lt, Česlovas) is an old given name derived from the Slavic elements ''ča'' (to await) and ''slava'' (glory). Feminine form: Czesława/Česlava. The name may refer to: * Ceslaus, Christian Saint * Czesław Białobrzeski, Polish physicist * Czesław Bieżanko, Polish entomologist and recognized authority on South American butterflies * Czesław Bobrowski, Polish economist in postwar Poland * Czeslaw Brzozowicz, consulting engineer for the CN Tower, Toronto-Dominion Centre, first Toronto subway line * Czesław Dźwigaj, Polish artist and sculptor * Czesław Hoc, Polish politician * Czeslaw Idzkiewicz, Polish painter and teacher * Czeslaw Kozon, Roman Catholic bishop of the Diocese of Copenhagen * Czesław Kiszczak, Polish general and politician * Czesław Lang, Polish former road racing cyclist * Czesław Łuczak, Polish historian, former rector of the Adam Mickiewicz University * Czesław Marchaj, Polish yachtsm ...
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Economics Letters
Economics Letters is a scholarly peer-reviewed journal of economics that publishes concise communications (letters) that provide a means of rapid and efficient dissemination of new results, models and methods in all fields of economic research. Published by Elsevier. The journal was established in 1978 and the current editors-in-chief are Badi H. Baltagi (Syracuse University), Joao F. Gomes (Wharton School of the University of Pennsylvania), Costas Meghir (Yale University), Pierre-Daniel Sarte, (Federal Reserve Bank of Richmond) and Roberto Serrano (Brown University). According to the ''Journal Citation Reports'', the journal has a 2020 impact factor The impact factor (IF) or journal impact factor (JIF) of an academic journal is a scientometric index calculated by Clarivate that reflects the yearly mean number of citations of articles published in the last two years in a given journal, as i ... of 2.097. References External links * Economics journals Elsevier academic jo ...
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Cournot Competition
Cournot competition is an economic model used to describe an industry structure in which companies compete on the amount of output they will produce, which they decide on independently of each other and at the same time. It is named after Antoine Augustin Cournot (1801–1877) who was inspired by observing competition in a spring water duopoly. It has the following features: * There is more than one firm and all firms produce a homogeneous product, i.e., there is no product differentiation; * Firms do not cooperate, i.e., there is no collusion; * Firms have market power, i.e., each firm's output decision affects the good's price; * The number of firms is fixed; * Firms compete in quantities rather than prices; and * The firms are economically rational and act strategically, usually seeking to maximize profit given their competitors' decisions. An essential assumption of this model is the "not conjecture" that each firm aims to maximize profits, based on the expectation that its own ...
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Reinforcement Learning
Reinforcement learning (RL) is an area of machine learning concerned with how intelligent agents ought to take actions in an environment in order to maximize the notion of cumulative reward. Reinforcement learning is one of three basic machine learning paradigms, alongside supervised learning and unsupervised learning. Reinforcement learning differs from supervised learning in not needing labelled input/output pairs to be presented, and in not needing sub-optimal actions to be explicitly corrected. Instead the focus is on finding a balance between exploration (of uncharted territory) and exploitation (of current knowledge). The environment is typically stated in the form of a Markov decision process (MDP), because many reinforcement learning algorithms for this context use dynamic programming techniques. The main difference between the classical dynamic programming methods and reinforcement learning algorithms is that the latter do not assume knowledge of an exact mathematica ...
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Mathematische Nachrichten
''Mathematische Nachrichten'' (abbreviated ''Math. Nachr.''; English: ''Mathematical News'') is a mathematical journal published in 12 issues per year by Wiley-VCH GmbH. It should not be confused with the ''Internationale Mathematische Nachrichten'', an unrelated publication of the Austrian Mathematical Society. It was established in 1948 by East German mathematician Erhard Schmidt, who became its first editor-in-chief. At that time it was associated with the German Academy of Sciences at Berlin, and published by Akademie Verlag. After the fall of the Berlin Wall, Akademie Verlag was sold to VCH Verlagsgruppe Weinheim, which in turn was sold to John Wiley & Sons. According to the 2020 edition of Journal Citation Reports, the journal had an impact factor The impact factor (IF) or journal impact factor (JIF) of an academic journal is a scientometric index calculated by Clarivate that reflects the yearly mean number of citations of articles published in the last two years in a g ...
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Nash Embedding Theorem
The Nash embedding theorems (or imbedding theorems), named after John Forbes Nash Jr., state that every Riemannian manifold can be isometrically embedded into some Euclidean space. Isometric means preserving the length of every path. For instance, bending but neither stretching nor tearing a page of paper gives an isometric embedding of the page into Euclidean space because curves drawn on the page retain the same arclength however the page is bent. The first theorem is for continuously differentiable (''C''1) embeddings and the second for embeddings that are analytic or smooth of class ''Ck'', 3 ≤ ''k'' ≤ ∞. These two theorems are very different from each other. The first theorem has a very simple proof but leads to some counterintuitive conclusions, while the second theorem has a technical and counterintuitive proof but leads to a less surprising result. The ''C''1 theorem was published in 1954, the ''Ck''-theorem in 1956. The real analytic theorem was first treated ...
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Inverse Function Theorem
In mathematics, specifically differential calculus, the inverse function theorem gives a sufficient condition for a function to be invertible in a neighborhood of a point in its domain: namely, that its ''derivative is continuous and non-zero at the point''. The theorem also gives a formula for the derivative of the inverse function. In multivariable calculus, this theorem can be generalized to any continuously differentiable, vector-valued function whose Jacobian determinant is nonzero at a point in its domain, giving a formula for the Jacobian matrix of the inverse. There are also versions of the inverse function theorem for complex holomorphic functions, for differentiable maps between manifolds, for differentiable functions between Banach spaces, and so forth. The theorem was first established by Picard and Goursat using an iterative scheme: the basic idea is to prove a fixed point theorem using the contraction mapping theorem. Statements For functions of a single variable, ...
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