Let $H$ be a complex Hilbert space and let $B(H)$ denote the space of bounded linear operators $H \to H$ equipped with operator norm: $$ \lVert T \rVert = \sup\big\{ \lVert Tx \rVert \: : \: \lVert x \rVert \leq 1\big\}. $$ One easily shows that $B(H)$ is not a Hilbert space whenever $\dim(H) > 1$ holds, for it does not satisfy the parallelogram rule. Furthermore, an abstract argument shows that there exists a Hilbert space norm $\lVert\:\cdot\:\rVert_2$ on $B(H)$, but it does not provide us with a very concrete description of such a norm. In the finite-dimensional case one might take the Hilbert–Schmidt norm: this turns $B(H)$ into a Hilbert space and it is known to be submultiplicative. However, in the infinite-dimensional case this does not work, for now the space of Hilbert–Schmidt operators is a proper subspace of $B(H)$. This leads me to the following question:
Question. Is there a submultiplicative Hilbert space norm on $B(H)$ if $H$ is infinite-dimensional, either by abstract reasoning or by concrete example? For the moment I do not care whether this new norm is equivalent to the operator norm.
This is a strengthening of the question Is B(H) a Hilbert space? which did not ask for submultiplicativity.
The answer is no: such a norm does not exist. First I'll give a short-ish proof; after that I will spell out some of the details for the benefit of those who do not know these already.
We prove something slightly stronger.
¹: By isomorphism of Banach spaces we mean an invertible bounded linear operator, not necessarily isometric. Strictly speaking, such a map is not an isomorphism of Banach spaces, since the norm is part of the Banach space structure. A better term would be isomorphism of Banachable spaces. See also this discussion on MathOverflow.
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We proceed to fill in some of the details (references given below).
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References:
[Conway]: John B. Conway, A Course in Functional Analysis (1985), Springer Graduate Texts in Mathematics 96.
[Kaniuth]: Eberhard Kaniuth, A Course in Commutative Banach Algebras (2009), Springer Graduate Texts in Mathematics 246.
[Pedersen]: Gerd K. Pedersen, Analysis Now, Revised Printing (1995), Springer Graduate Texts in Mathematics 118.
[Rudin]: Walter Rudin, Functional Analysis, Second Edition (1991), McGraw–Hill.
[Rynne&Youngson]: Bryan P. Rynne & Martin A. Youngson, Linear Functional Analysis, Second Edition (2008), Springer Undergraduate Mathematics Series.