Let X be a metric space. A self-map $\Phi$ on X is said to ve a pseudocontraction if $d(\Phi(x),\Phi(y))<d(x,y) $ holds for all distinct $x,y \in X$.
(a) If $\Phi \in X^X$ is a pseudocontraction, then ($d(\Phi^{m+1}(x)),\Phi^m(x)$) is a decreasing sequence, and hence converges. (Here $\Phi^1:=\Phi$ and $\Phi^{m+1}:=\Phi \circ \Phi^m, m=1,2,...$).Use this to show that if ($\Phi^m(x)$) has a convergent subsequence, then $d(x^*,\Phi(x^*))=d(\Phi(x^*),\Phi^2(x^*) )$
(b) Prove Edelstein's Fixed point Theorem: If $X$ is a compact metric space and $\Phi \in X^X$ a pseudocontraction, then there exists a unique $x^*$ such that $\Phi(x^*)=x^*$. Moreover, we have $lim \Phi^m(x)=x^*$ for any $x \in X$.
The problem is taken from Ok(2007) Chapter C6 Exercise 50. The main difficulty here, for me, is part (a). I am sure if (a) can be proved, then we can use (a) to prove b. But how to prove (a)? The question seems a little bit abstract.