Banach's Fixed Point Theorem proves uniqueness of fixed points. Suppose the contraction map $g$ had two fixed points $x$ and $y$. Then,
$$|x - y| = |g(x) - g(y)| \leq L|x - y|,$$
which implies $(1 - L)|x - y| \leq 0$. But since $(1 - L) > 0$, we can deduce $x = y$.
- I get that the first equality follows from the definition of a fixed point
- Second equality follows from definition of contraction map
- How does it imply $(1-L)|x - y| \leq 0$, and how does $(1 - L) > 0$ lead us to $x = y$?
You have:$$\lvert x-y\rvert\leqslant L\lvert x-y\rvert.$$Subtracting $L\lvert x-y\rvert$ from both sides you get that$$(1-L)\lvert x-y\rvert\leqslant0.\tag1$$But $1-L>0$ and $\lvert x-y\rvert\geqslant0$. So, we can only have $(1)$ if $\lvert x-y\rvert=0$.