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The bearing

By the Riesz representation for linear functionals, f is a bounded linear functional on [B] if and only if there is a unique element tex2html_wrap_inline5108 , for which

displaymath5102

The difference between the prior expectation tex2html_wrap_inline4082 and the observed adjusted expectation tex2html_wrap_inline4116 defines a linear functional

displaymath5103

on [B]. Therefore by the Riesz representation, if tex2html_wrap_inline4771 is bounded on [B]gif, then there is a unique element tex2html_wrap_inline5120 , corresponding to tex2html_wrap_inline4771 , for which

displaymath5104

This element is precisely the bearing as created in section 4, and the properties of the bearing may be deduced directly from this representation. Note that in the preceding sections we have also used the Riesz representation to create the bearing for two other functionals, namely the difference functional, tex2html_wrap_inline5128 , and also the functional which replaces each X by its observed value.



David Wooff
Thu Oct 15 11:56:54 BST 1998