Slowly varying function

In real analysis, a branch of mathematics, a slowly varying function is a function of a real variable whose behaviour at infinity is in some sense similar to the behaviour of a function converging at infinity. Similarly, a regularly varying function is a function of a real variable whose behaviour at infinity is similar to the behaviour of a power law function (like a polynomial) near infinity. These classes of functions were both introduced by Jovan Karamata,¹² and have found several important applications, for example in probability theory and extreme value theory.

Definition 1. A measurable function L : (0, +∞) → (0, +∞) is called slowly varying (at infinity) if for all a > 0,

${\displaystyle \lim _{x\to \infty }{\frac {L(ax)}{L(x)}}=1.}$

Definition 2. Let L : (0, +∞) → (0, +∞). Then L is a regularly varying function if and only if ${\displaystyle \forall a>0,g_{L}(a)=\lim _{x\to \infty }{\frac {L(ax)}{L(x)}}\in \mathbb {R} ^{+}}$. In particular, the limit must be finite.

These definitions are due to Jovan Karamata.¹²

Regularly varying functions have some important properties:¹ a partial list of them is reported below. More extensive analyses of the properties characterizing regular variation are presented in the monograph by Bingham, Goldie & Teugels (1987).

Theorem 1. The limit in definitions 1 and 2 is uniform if a is restricted to a compact interval.

Theorem 2. Every regularly varying function f : (0, +∞) → (0, +∞) is of the form

${\displaystyle f(x)=x^{\beta }L(x)}$

where

• β is a real number,
• L is a slowly varying function.

Note. This implies that the function g(a) in definition 2 has necessarily to be of the following form

${\displaystyle g(a)=a^{\rho }}$

where the real number ρ is called the index of regular variation.

Theorem 3. A function L is slowly varying if and only if there exists B > 0 such that for all x ≥ B the function can be written in the form

${\displaystyle L(x)=\exp \left(\eta (x)+\int _{B}^{x}{\frac {\varepsilon (t)}{t}}\,dt\right)}$

where

• η(x) is a bounded measurable function of a real variable converging to a finite number as x goes to infinity
• ε(x) is a bounded measurable function of a real variable converging to zero as x goes to infinity.

• If L is a measurable function and has a limit

${\displaystyle \lim _{x\to \infty }L(x)=b\in (0,\infty ),}$

then L is a slowly varying function.

• For any β ∈ R, the function L(x) = log^β x is slowly varying.
• The function L(x) = x is not slowly varying, nor is L(x) = x^β for any real β ≠ 0. However, these functions are regularly varying.