I just learned today that there can be a tighter result than AM-GM (Arithmetic Mean - Geometric Mean) inequality. In particular:
Let $a, b > 0$ then \begin{equation} \label{1}\tag{1} \dfrac{a+b}{2} - \sqrt{ab} \geq \dfrac{1}{16 \max \left\lbrace a , b \right\rbrace} \left( a - b \right) ^{2} . \end{equation}
When the RHS of \eqref{1} is $0$ then we get the classical AM-GM inequality. This result is obviously better since this RHS could be greater than $0$ in general.
I wonder if we can get some similar result for Cauchy - Schwarz inequality. For example, just a particular case, is there some $\mathcal{E} \geq 0$ such that \begin{equation} \left( a + b \right) ^{2} \leq 2 \left( a^{2} + b^{2} \right) - \mathcal{E} . \end{equation}
I think you mean $\mathcal{E}\geq0$, otherwise $a=b$ will give a counterexample.
For example: $$2(a^2+b^2)-\frac{(a-b)^4}{a^2+b^2}\geq(a+b)^2.$$
For three variables we have the following stronger than C-S inequality.
If we'll change $25$ on $26$ we'll get a wrong inequality.