Valuation (measure theory)

Valuation (measure theory)

In measure theory or at least in the approach to it through domain theory, a valuation is a map from the class of open sets of a topological space to the set positive real numbers including infinity. It is a concept closely related to that of a measure and as such it finds applications measure theory, probability theory and also in theoretical computer science.

Domain/Measure theory definition

Let scriptstyle (X,mathcal{T}) be a topological space: a valuation is any map

: v:mathcal{T} ightarrow mathbb{R}^+cup{+infty}

satisfying the following three properties

: egin{array}{lll}v(varnothing) = 0 & & scriptstyle{ ext{Strictness property\v(U)leq v(V) & mbox{if}~Usubseteq Vquad U,Vinmathcal{T} & scriptstyle{ ext{Monotonicity property\v(Ucup V)+ v(Ucap V) = v(U)+v(V) & forall U,Vinmathcal{T} & scriptstyle{ ext{Modularity property,end{array}

The definition immediately shows the relationship between a valuation and a measure: the properties of the two mathematical object are often very similar if not identical, the only difference being that the domain of a measure is the Borel algebra of the given topological space, while the domain of a valuation is the class of open sets. Further details and references can be found in Harvnb|Alvarez-Manilla|Edalat|Saheb-Djahromi|Nasser|2000 and Harvnb|Goulbault-Larrecq|2002.

Continuous valuation

A valuation (as defined in domain theory/measure theory) is said to be continuous if for "every directed family" scriptstyle {U_i}_{iin I} "of open sets" (i.e. an indexed family of open sets which is also directed in the sense that for each pair of indexes i and j belonging to the index set I , there exists an index k such that scriptstyle U_isubseteq U_k and scriptstyle U_jsubseteq U_k) the following equality holds:

: vleft(igcup_{iin I}U_i ight) = sup_{iin I} v(U_i).

Simple valuation

A valuation (as defined in domain theory/measure theory) is said to be simple if it is a finite linear combination with non-negative coefficients of Dirac valuations, i.e.

:v(U)=sum_{i=1}^n a_idelta_{x_i}(U)quadforall Uinmathcal{T}

where a_i is always greather than or al least equal to zero for all index i. Simple valuations are obviously continuous in the above sense. The supremum of a "directed family of simple valuations" (i.e. an indexed family of simple valuations which is also directed in the sense that for each pair of indexes i and j belonging to the index set I , there exists an index k such that scriptstyle v_i(U)leq v_k(U)! and scriptstyle v_j(U)subseteq v_k(U)!) is called quasi-simple valuation

:ar{v}(U) = sup_{iin I}v_i(U) quad forall Uin mathcal{T}. ,

Related topics

* The extension problem for a given valuation (in the sense of domain theory/measure theory) consists in finding under what type of conditions it can be extended to a measure on a proper topological space, which may or may not be the same space where it is defined: the papers Harvnb|Alvarez-Manilla|Edalat|Saheb-Djahromi|2000 and Harvnb|Goulbault-Larrecq|2002 in the reference section are devoted to this aim and give also several historical details.
* The concepts of valuation on convex sets and valuation on manifolds are a generalization of valuation in the sense of domain/measure theory. A valuation on convex sets is allowed to assume complex values, and the underlying topological space is the set of non-empty convex compact subsets of a finite-dimensional vector space: a valuation on manifolds is a complex valued finitely additive measure defined on a proper subset of the class of all compact submanifolds of the given manifolds. Details can be found in several arxiv [http://arxiv.org/find/grp_q-bio,grp_cs,grp_physics,grp_math,grp_nlin/1/AND+au:+Alesker+ti:+Valuations/0/1/0/all/0/1 papers] of prof. Semyon Alesker.

Examples

Dirac valuation

Let scriptstyle (X,mathcal{T}) be a topological space, and let "x" be a point of "X": the map

:delta_x(U)=egin{cases}0 & mbox{if}~x otin U\1 & mbox{if}~xin Uend{cases}quadforall Uinmathcal{T}is a valuation in the domain theory/measure theory, sense called Dirac valuation. This concept bears its origin from distribution theory as it is an obvious transposition to valuation theory of Dirac distribution: as seen above, Dirac valuations are the "bricks" simple valuations are made of.


Wikimedia Foundation. 2010.

Игры ⚽ Поможем написать реферат

Look at other dictionaries:

  • Valuation — may refer to: *Valuation (finance), the determination of the economic value of an asset or liability *Valuation (ethics), the determination of the ethic or philosophic value of an object *Valuation (algebra) *Valuation (logic) *Valuation (measure …   Wikipedia

  • Valuation (mathematics) — Valuation in mathematics may refer to: *Valuation (algebra) *Valuation (logic) *Valuation (measure theory) * p adic valuationee also*Valuation …   Wikipedia

  • Valuation (algebra) — In algebra (in particular in algebraic geometry or algebraic number theory), a valuation is a function on a field that provides a measure of size or multiplicity of elements of the field. They generalize to commutative algebra the notion of size… …   Wikipedia

  • Theory of reasoned action — The theory of reasoned action (TRA), developed by Martin Fishbein and [http://www.people.umass.edu/aizen/ Icek Ajzen] (1975, 1980), derived from previous research that started out as the theory of attitude, which led to the study of attitude and… …   Wikipedia

  • Business valuation — is a process and a set of procedures used to estimate the economic value of an owner’s interest in a business. Valuation is used by financial market participants to determine the price they are willing to pay or receive to consummate a sale of a… …   Wikipedia

  • Modern portfolio theory — Portfolio analysis redirects here. For theorems about the mean variance efficient frontier, see Mutual fund separation theorem. For non mean variance portfolio analysis, see Marginal conditional stochastic dominance. Modern portfolio theory (MPT) …   Wikipedia

  • Real options valuation — Real options valuation, also often termed Real options analysis,[1] (ROV or ROA) applies option valuation techniques to capital budgeting decisions.[2] A real option itself, is the right but not the obligation to undertake some business decision; …   Wikipedia

  • Contingent valuation — is a survey based economic technique for the valuation of non market resources, such as environmental preservation or the impact of contamination. While these resources do give people utility, certain aspects of them do not have a market price as …   Wikipedia

  • Subjective theory of value — The subjective theory of value (or theory of subjective value ) is an economic theory of value that holds that to possess value an object must be both useful and scarce, [Moser, John. The Origins of the Austrian School of Economics, Humane… …   Wikipedia

  • Risk-neutral measure — In mathematical finance, a risk neutral measure, is a prototypical case of an equivalent martingale measure. It is heavily used in the pricing of financial derivatives due to the fundamental theorem of asset pricing, which implies that in a… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”