English

Means in money exchange operations

Classical Analysis and ODEs 2021-01-20 v1

Abstract

It is observed that in some money exchange operations, the applied nn -variable mean MM should be self reciprocally-conjugate, i.e. it should satisfy the equality M(x1,,xn)M(1x1,,1xn)=1,x1,,xn>0. M\left( x_{1},\ldots,x_{n}\right) M\left( \frac{1}{x_{1}},\ldots,\frac{1}{x_{n}} \right) =1,\quad x_{1},\ldots,x_{n}>0. The main result says that the only weighted quasiarithmetic mean satisfying this condition is the weighet geometric mean.

Keywords

Cite

@article{arxiv.2101.07319,
  title  = {Means in money exchange operations},
  author = {Jacek Bojarski and Janusz Matkowski},
  journal= {arXiv preprint arXiv:2101.07319},
  year   = {2021}
}
R2 v1 2026-06-23T22:17:35.070Z