$f:[0,\infty) \to [0,\infty)$ where $|f(x)-f(y)| \le \frac{1}{2}|x-y|$
Does this function always have a fixed point?
My attempt:
The function is continuous. If it becomes differentiable then it will have a fixed point.
So I was looking for some non differentiable continuous function which doesn't have a fixed point.
What I could think of is example of the form $|x-a|/2$ but I am unable to construct one. Some hints please.
$f$ is a contraction mapping $($meaning that it is K-Lipschitz with $K<1$(in your case $K =\dfrac12))$,and $[0,\infty)$ is a complete metric space.
By Banach Fixed Point Theorem,$f$ admits a unique fixed point in $[0,\infty)$