Contraction principle (large deviations theory)

ID: contraction-principle-large-deviations-theory

In large deviations theory, the Contraction Principle is a fundamental result that provides insights into the asymptotic behavior of probability measures associated with stochastic processes. Large deviations theory focuses on understanding the probabilities of rare events and how these probabilities behave in limit scenarios, particularly when considering independent and identically distributed (i.i.d.) random variables or other stochastic systems.

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