Quasiconvex stochastic processes and a separation theorem (Q2340853): Difference between revisions

In this note, the authors introduce the quasiconvex stochastic processes and investigate some of their properties. The most interesting result in this paper is that a stochastic process is convex if and only if it is Jensen-convex and quasiconvex, which extends the separation statement of two real functions by a quasiconvex function from [\textit{J. Smolarz} et al., C. R. Math. Acad. Sci., Soc. R. Can. 16, No. 6, 241--246 (1994; Zbl 0838.26008)] to quasiconvex stochastic processes, which generalizes an earlier characterization from [\textit{K. Baron} et al., Math. Pannonica 5, No. 1, 139--144 (1994; Zbl 0803.39011)] regarding the separation of two real functions by a convex function. A Hyers-Ulam-type stability statement for quasiconvex stochastic processes is derived as a consequence of the mentioned main result.