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We show the (normalized) Li-Yau conformal volume of a self-shrinker of mean curvature flow in Euclidean space bounds its Colding-Minicozzi entropy from below. This bound is independent of codimension and sharp on planes. As an application we verify a conjecture of Colding-Minicozzi about the entropy of closed self-shrinkers of arbitrary codimension for self-shrinkers that are topologically two-dimensional real projective planes. As part of the proof we introduce two auxiliary functionals which we call stable conformal volume and virtual entropy which should be of independent interest.
Jacob Bernstein (Tue,) studied this question.