arXiv · 2107.11239
Do law-invariant linear functionals collapse to the mean?
Abstract
In this note, we show that, on a wide range of rearrangement-invariant spaces, a law-invariant bounded linear functional is a scalar multiple of the expectation. We also construct a rearrangement-invariant space on which this property fails.
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Shengzhong Chen, Niushan Gao, Denny H. Leung, Lei Li. 2021-07-23. Do law-invariant linear functionals collapse to the mean?. https://arxiv.org/abs/2107.11239
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