I got this notation in a question without prior explanation, I suspect it's something related to the power set but I am not sure.
2026-04-25 05:05:03.1777093503
What does $\{0,1\}^X$ mean?
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As Angina said in the comments, $\{0, 1\}^X$ would be the set of all functions $f:X \to \{0, 1\}$. However, as you suspected, it is very closely linked to the power set of $X$ in the following manner.
Given a subset $U \subset X$, you have the function $\chi_U: X\to\{0, 1\}$ defined as $$\chi_U(x) := \begin{cases}0 & x \notin U\\1 & x \in U\end{cases}$$
Given a function $f:X \to \{0, 1\}$, you have a subset $U_f \subset X$ defined as $$U_f := \{x \in X \mid f(x) = 1\}.$$
The two correspondences are inverses in the sense that $$U_{\chi_U} = U; \quad \chi_{U_f} = f$$ for all $U \subset X$ and all $f \in \{0, 1\}^X$.
Thus, you could identify every subset of $X$ with a function $f: X \to \{0, 1\}$ and vice-versa and so you may as well consider $\{0, 1\}^X$ as the power set of $X$, also sometimes written as $2^X$.