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We discuss when law-invariant convex functionals "collapse to the mean". More precisely, we show that, in a large class of spaces of random variables and under mild semicontinuity assumptions, the expectation functional is, up to an affine…

Mathematical Finance · Quantitative Finance 2021-01-21 Fabio Bellini , Pablo Koch-Medina , Cosimo Munari , Gregor Svindland

We establish general "collapse to the mean" principles that provide conditions under which a law-invariant functional reduces to an expectation. In the convex setting, we retrieve and sharpen known results from the literature. However, our…

Mathematical Finance · Quantitative Finance 2021-07-15 Felix-Benedikt Liebrich , Cosimo Munari

We establish general versions of a variety of results for quasiconvex, lower-semicontinuous, and law-invariant functionals. Our results extend well-known results from the literature to a large class of spaces of random variables. We…

Pricing of Securities · Quantitative Finance 2021-01-21 Fabio Bellini , Pablo Koch-Medina , Cosimo Munari , Gregor Svindland

Law-invariant functionals are central to risk management and assign identical values to random prospects sharing the same distribution under an atomless reference probability measure. This measure is typically assumed fixed. Here, we adopt…

Risk Management · Quantitative Finance 2026-02-10 Felix-Benedikt Liebrich , Ruodu Wang

Rearrangement-invariance in function spaces can be viewed as a kind of generalization of 1-symmetry for Schauder bases. We define subrearrangement-invariance in function spaces as an analogous generalization of 1-subsymmetry. It is then…

Functional Analysis · Mathematics 2021-01-06 Ben Wallis

Sublinear functionals of random variables are known as sublinear expectations; they are convex homogeneous functionals on infinite-dimensional linear spaces. We extend this concept for set-valued functionals defined on measurable set-valued…

Probability · Mathematics 2021-01-15 Ilya Molchanov , Anja Mühlemann

We obtain sufficient conditions for belonging of almost all paths of a random process to some fixed rearrangement invariant (r.i.) Banach functional space, and to satisfying the Central Limit Theorem (CLT) in this space. We describe also…

Probability · Mathematics 2014-09-09 E. Ostrovsky , L. Sirota

Some inequalities for functions of bounded variation that provide reverses for the inequality between the integral mean and the p-norm are established. Applications related to the celebrated Landau inequality between the norms of the…

Classical Analysis and ODEs · Mathematics 2007-05-23 Sever Silvestru Dragomir

We show that a general miraculous cancellation formula, the divisibility of certain characteristic numbers and some other topologiclal results are con- sequences of the modular invariance of elliptic operators on loop spaces. Previously we…

High Energy Physics - Theory · Physics 2011-07-19 Kefeng Liu

We shall prove a rearrangement inequality in probability measure spaces in order to obtain sharp Leibniz-type rules of mean oscillations in Lp-spaces and rearrangement invariant Banach function spaces.

Functional Analysis · Mathematics 2017-08-31 Zoltan Leka

The classical law of the iterated logarithm (LIL for short)as fundamental limit theorems in probability theory play an important role in the development of probability theory and its applications. Strassen (1964) extended LIL to large…

Probability · Mathematics 2021-07-02 Panyu Wu , Zengjing Chen

Sampling theory in spaces other than the space of band-limited functions has recently received considerable attention. This is in part because the band-limitedness assumption is not very realistic in many applications. In addition,…

Classical Analysis and ODEs · Mathematics 2007-05-23 Cristina Blanco , Carlos Cabrelli , Sigrid Heineken

This paper explores some important aspects of the theory of rearrangement-invariant quasi-Banach function spaces. We focus on two main topics. Firstly, we prove an analogue of the Luxemburg representation theorem for rearrangement-invariant…

Functional Analysis · Mathematics 2025-10-15 Anna Musilová , Aleš Nekvinda , Dalimil Peša , Hana Turčinová

In this paper, we introduced some notions on the n-Normed Spaces. Those are bounded k-linear (or multilinear) functionals and k-continuous (or multicontinuous) functions with k \in \mathbb{N}. We defined k-linear functionals under several…

Functional Analysis · Mathematics 2026-05-06 Harmanus Batkunde , Muh. Nur , Al Azhary Masta , Meilin Imelda Tilukay

We prove a multivariate Lagrange-Good formula for functionals of uncountably many variables and investigate its relation with inversion formulas using trees. We clarify the cancellations that take place between the two aforementioned…

Mathematical Physics · Physics 2021-02-15 Sabine Jansen , Tobias Kuna , Dimitrios Tsagkarogiannis

We present a lower error bound for approximating linear multivariate operators defined over Hilbert spaces in terms of the error bounds for appropriately constructed linear functionals as long as algorithms use function values. Furthermore,…

Numerical Analysis · Mathematics 2015-11-19 Erich Novak , Henryk Wozniakowski

We investigate a linear operator associated with a functional equation that arises from studying some class of invariant measures under multidimensional transformations. By examining its iterates, we derive an explicit solution formula for…

Functional Analysis · Mathematics 2026-03-09 Oleksandr V. Maslyuchenko , Janusz Morawiec , Thomas Zürcher

We explain the exact meaning of a statement we made in a previous paper on invariants, namely that a complex-valued function of the data of the functional equation of an $L$-function is an invariant if and only if it is stable under the…

Number Theory · Mathematics 2026-03-17 Jerzy Kaczorowski , Alberto Perelli

It is shown that if the Fourier transform is a bounded map on a rearrangement-invariant space of functions on $\mathbb R^n$, modified by a weight, then the weight is bounded above and below and the space is equivalent to $L^2$. Also, if it…

Functional Analysis · Mathematics 2024-07-15 Mieczysław Mastyło , Gord Sinnamon

We investigate functionals defined on manifolds through parameterizations. If they are to be meaningful, from a geometrical viewpoint, they ought to be invariant under reparameterizations. Standard, local, integral functionals with this…

Differential Geometry · Mathematics 2024-11-08 Pablo Pedregal
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