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A convex function f(x) is a real-valued function defined over a convex set X in a vector space such that for any two points x, y in the set and for any λ with
NB: Because X is convex, : must be in X.
If the function -f(x) is convex, f(x) is said to ba a concave function. It is easily seen that if a function is both convex and concave, it must be linear.
Theorem: A convex function on X is bounded above on any compact subset of X.
Theorem: A convex function on X is continuous at each point of the interior of X.
Theorem: If f(x) is convex in a set containing the origin O, and f(O) = 0, then f(μx)⁄μ is an increasing function of μ for μ > 0.
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