Consider the function f(x) = 3x^3 - 2x, shown at right. (We're using the convention that x^3 represents x times x times x, or raised to the power 3.) When x is any one of 0, 1 or -1, f(x) = x. Those three values are called the fixed points of the function.
The Brouwer Fixed-Point Theorem says that if f is a continuous function from the interval [0,1] into the interval [0,1], then f must have at least one fixed point! To explain: the interval [0,1] simply means all the numbers between 0 and 1 inclusive. Continuous is a little harder; it means that the function f must only vary so that small changes in x result in small changes in the output. In particular, as x varies gradually from 0 to 1, f is not allowed to take jumps in its output values.
The Contraction Mapping Theorem says that if there is a positive number less than 1, say k, such that the distance between outputs from two values u and v are less than k times the distance between u and v, then the function has a unique fixed point.
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