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The '''Banach fixed point theorem''' is an important tool in the theory of [[metric space]]s; 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.
Let F be a non-empty closed subset of a complete metric space (X, d). Let T : X -> X be a contraction operator on F, , i.e: There is a constant q ε (0, 1) such that▼
▲Let
: d(''Tx'', ''Ty'') ≤ ''q'' · d(''x'', ''y'')
for all ''x'', ''y'' in ''X''. Then the map ''T'' admits one and only one fixed point ''x''<sup>*</sup> in ''X'' (this means ''Tx''<sup>*</sup> = ''x''<sup>*</sup>). Furthermore, this fixed point can be found as follows: start with an arbitrary element ''x''<sub>0</sub> in ''X'' and define a sequence by ''x''<sub>''n''</sub> = ''Tx''<sub>''n''-1</sub> for ''n'' = 1, 2, 3, ... This sequence [[mathematical limit|converges]], and its limit is ''x''<sup>*</sup>. The following inequality describes the speed of convergence:
q<sup>n</sup>
d(x*, x<sub>n</sub>)
1-q
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An earlier version of this article was posted on [http://planetmath.org/encyclopedia/BanachFixedPointTheorem.html Planet Math]. This article is [[open content]]
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