Suppose $X = [1,\infty)$. The function $f_k(x) = k(x+\frac{1}{x})$ where $k\in(0,1)$ is a contraction on $X$, furthermore, $X$ is complete and $f:X\rightarrow X$. So all the requirements for the Banach fixed point theorem are satisfied. However, for say $k = 1/3$ the function has no fixed point in $X$, yet we are guarenteed from the theorem that there should be a unique fixed point in $X$, what went wrong here?
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If $k = 1/3$, then $f(x) = k(x+\tfrac{1}{x})$ is not a function from $X = [1,\infty)$ into $X$.
For instance, $f(1) = \dfrac{1}{3}(1+\tfrac{1}{1}) = \dfrac{2}{3} \not\in [1,\infty)$.
JimmyK4542
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Oh of course, I didn't see that, thanks! – fosho May 20 '16 at 18:17