I have a following problem.
Let $X = R$, $d(x,y) = |x-y|$, $T(x) = \sqrt{x^2 + 1}$ but $T$ does not have a fixed point. Does this contradict Banach's Fixed Point Theorem?
I know that if $X$ was compact space then it would imply the existence and uniqueness of a fixed point, but not sure what to do in this case ($R$ is not compact). I would appreciate any help.
No, $T(x)$ doesn't have the contraction property, consider $x_n=n$ and $y=0$, then $|x_n-0|=n$, but
$$|T(x_n)-T(0)|=|\sqrt{n^2+1}-1|={n^2+1-1\over \sqrt{n^2+1}+1}$$
$$={n^2\over \sqrt{n^2+1}+1}$$
With $\epsilon>0$ arbitrary and fixed we see for $n>\!>0$ we have
$$n(1+\epsilon)^{-1}={n^2\over\sqrt{(1+\epsilon)^2n^2}}< |T(x_n)-T(0)|$$
But then by taking $\epsilon$ sufficiently small, we see that there can be no $q\in [0,1)$ such that
$$|T(x)-T(y)|<q|x-y|$$
in fact we see that clearly $q\ne 0$, so if a candidate $0<q<1$ is given then $\epsilon =\min\{{1\over 2},q^{-1}-1\}$ works.
for all $x,y\in\Bbb R$, because for some $n$ we have $x=x_n, y=0$ is a counterexample, hence $T$ is not a contraction.