Esscher principle

In operator theory, von Neumann's inequality, due to John von Neumann, states that, for a contraction T acting on a Hilbert space and a polynomial p, then the norm of p(T) is bounded by the supremum of |p(z)| for z in the unit disk." In other words, for a fixed contraction T, the polynomial functional calculus map is itself a contraction. The inequality can be proved by considering the unitary dilation of T, for which the inequality is obvious.

This inequality is a specific case of Matsaev's conjecture. That is that for any polynomial P and contraction T on $L^{p}$

$||P(T)||_{L^{p}}\leq ||P(S)||_{\ell ^{p}}$

where S is the right-shift operator. The von Neumann inequality proves it true for $p=2$ and for $p=1$ and $p=\infty$ it is true by straightforward calculation. S.W. Drury has recently shown that the conjecture fails in the general case.

References

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