I was wondering if there is a continuous function such that $f(f(x)) = xf(x)$ for every positive number $x$.
How to find the function $f$ given $f(f(x)) = xf(x)$?
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On
This is not yet a full answer for the proof, but possibly it is a good step to one. I also think that the problem is not more than a standard exercise in some textbook, but since there is not yet a more qualified answer here, I'll do some naive try so far...
To save notation, let#s write the h'th iterate $\underset{h \text{ times }}{\underbrace {f(...f(f(x)))}}$ as $x_h$ and its p'th power as $x_h^p$ where we understand, that the superscript gets evalauted after the subscript.
Then we can state the sequence:
$$ x = x_{-2} \cdot x_{-1} \\
x = x_{-4} \cdot x_{-3}^2 \cdot x_{-2} \\
x = x_{-6} \cdot x_{-5}^3 \cdot x_{-4}^3 \cdot x_{-3} \\
x = x_{-8} \cdot x_{-7}^4 \cdot x_{-6}^6 \cdot x_{-5}^4\cdot x_{-4} \\
\cdots
$$
We observe, that the exponents are the binomial coefficients if powers of 2 $(=(1+1))$ are expanded. Now the idea is, to hope, that we can introduce a limit and that we can assume, that in the limit the difference between the iterates become insignificant below some epsilon, such that we can write
$$ x = \lim (x_{-2h})^{2^h} $$
If we assume, that $x_{-2h}<x_{-h}$ then we can even write
$$ (x_{-2h})^{2^h}< x < (x_{-h})^{2^h} $$ or
$$ (x_{-2h+1})^{2^h}< f(x) < (x_{-h+1})^{2^h} $$
and then
$$ (x_{-\infty} + \epsilon_1)^{2^h}< f(x) < (x_{-\infty} + \epsilon_2)^{2^h} $$ and then from a vanishing difference $\epsilon_1 - \epsilon_2 $ deduce, that the h'th iterate of f is necessarily of the form of the h'th iterate of a power $ax^b$ with some fixed a and b . Here I'm stuck because I've not much experience with the formal handling of such limts, but perhaps this is an intuitive path where one can proceed further...
On
In fact this belongs to a functional equation of the form http://eqworld.ipmnet.ru/en/solutions/fe/fe2315.pdf.
Let $\begin{cases}x=u(t)\\f=u(t+1)\end{cases}$ ,
Then $u(t+2)=u(t)u(t+1)$
Let $u(t)=e^{v(t)}$ ,
Then $e^{v(t+2)}=e^{v(t)}e^{v(t+1)}$
$e^{v(t+2)}=e^{v(t)+v(t+1)}$
$v(t+2)=v(t)+v(t+1)+2n\pi i$ , $\forall n\in\mathbb{Z}$
$v(t+2)-v(t+1)-v(t)=2n\pi i$ , $\forall n\in\mathbb{Z}$
Let $v(t)=v_c(t)+A$ ,
Then $v_c(t+2)+A-(v_c(t+1)+A)-(v_c(t)+A)=2n\pi i$
$v_c(t+2)-v_c(t+1)-v_c(t)-A=2n\pi i$
$\therefore A=-2n\pi i$
For $v_c(t+2)-v_c(t+1)-v_c(t)=0$ ,
$v_c(t)=C_1(t)\left(\dfrac{1+\sqrt{5}}{2}\right)^t+C_2(t)\left(\dfrac{1-\sqrt{5}}{2}\right)^t$ , where $C_1(t)$ and $C_2(t)$ are arbitrary periodic functions with unit period
$\therefore v(t)=C_1(t)\left(\dfrac{1+\sqrt{5}}{2}\right)^t+C_2(t)\left(\dfrac{1-\sqrt{5}}{2}\right)^t-2n\pi i$ , $\forall n\in\mathbb{Z}$ , where $C_1(t)$ and $C_2(t)$ are arbitrary periodic functions with unit period
Hence $u(t)=e^{C_1(t)\left(\frac{1+\sqrt{5}}{2}\right)^t+C_2(t)\left(\frac{1-\sqrt{5}}{2}\right)^t-2n\pi i}$ , $\forall n\in\mathbb{Z}$ , where $C_1(t)$ and $C_2(t)$ are arbitrary periodic functions with unit period
$u(t)=e^{C_1(t)\left(\frac{1+\sqrt{5}}{2}\right)^t}e^{C_2(t)\left(\frac{1-\sqrt{5}}{2}\right)^t}$ , where $C_1(t)$ and $C_2(t)$ are arbitrary periodic functions with unit period
$\therefore\begin{cases}x=e^{C_1(t)\left(\frac{1+\sqrt{5}}{2}\right)^t}e^{C_2(t)\left(\frac{1-\sqrt{5}}{2}\right)^t}\\f=e^{C_1(t)\left(\frac{1+\sqrt{5}}{2}\right)^{t+1}}e^{C_2(t)\left(\frac{1-\sqrt{5}}{2}\right)^{t+1}}\end{cases}$ , where $C_1(t)$ and $C_2(t)$ are arbitrary periodic functions with unit period
Sure. $$ f(x) = x^{\frac{1 + \sqrt 5}{2}} $$