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The term convex is often referred to as convex down or concave upward, and the term concave is often referred as concave down or convex upward. [ 3 ] [ 4 ] [ 5 ] If the term "convex" is used without an "up" or "down" keyword, then it refers strictly to a cup shaped graph ∪ {\displaystyle \cup } .
Convex polygon, a polygon which encloses a convex set of points; Convex polytope, a polytope with a convex set of points; Convex metric space, a generalization of the convexity notion in abstract metric spaces; Convex function, when the line segment between any two points on the graph of the function lies above or on the graph
The convex-hull operation is needed for the set of convex sets to form a lattice, in which the "join" operation is the convex hull of the union of two convex sets = = ( ()). The intersection of any collection of convex sets is itself convex, so the convex subsets of a (real or complex) vector space form a complete lattice .
A function f is concave over a convex set if and only if the function −f is a convex function over the set. The sum of two concave functions is itself concave and so is the pointwise minimum of two concave functions, i.e. the set of concave functions on a given domain form a semifield.
An optimal basket of goods occurs where the consumer's convex preference set is supported by the budget constraint, as shown in the diagram. If the preference set is convex, then the consumer's set of optimal decisions is a convex set, for example, a unique optimal basket (or even a line segment of optimal baskets).
A convex curve (black) forms a connected subset of the boundary of a convex set (blue), and has a supporting line (red) through each of its points. A parabola, a convex curve that is the graph of the convex function () = In geometry, a convex curve is a plane curve that has a supporting line through each of its points.
In geometry, the convex hull, convex envelope or convex closure [1] of a shape is the smallest convex set that contains it. The convex hull may be defined either as the intersection of all convex sets containing a given subset of a Euclidean space, or equivalently as the set of all convex combinations of points in the subset.
Convex geometry is a relatively young mathematical discipline. Although the first known contributions to convex geometry date back to antiquity and can be traced in the works of Euclid and Archimedes, it became an independent branch of mathematics at the turn of the 20th century, mainly due to the works of Hermann Brunn and Hermann Minkowski in dimensions two and three.