In real analysis, a branch of mathematics, a slowly varying function is a function of a real variable whose behaviour at infinity is in some sense similar to the behaviour of a function converging at infinity. Similarly, a regularly varying function is a function of a real variable whose behaviour at infinity is similar to the behaviour of a power law function (like a polynomial) near infinity. These classes of functions were both introduced by Jovan Karamata, and have found several important applications, for example in probability theory.
. A function L : (0,+∞) → (0,+∞) is called slowly varying (at infinity) if for all a > 0,
. A function L : (0,+∞) → (0,+∞) for which the limit
is finite but nonzero for every a > 0, is called a regularly varying function.
These definitions are due to Jovan Karamata.
Regularly varying functions have some important properties: a partial list of them is reported below. More extensive analyses of the properties characterizing regular variation are presented in the monograph by Bingham, Goldie & Teugels (1987).
. The limit in definitions 1 and 2 is uniform if a is restricted to a compact interval.
. Every regularly varying function f is of the form
where
Note. This implies that the function g(a) in definition 2 has necessarily to be of the following form
where the real number ρ is called the index of regular variation.