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Let X X be a separable Banach space. We give an almost characterization of the existence of a Finite Dimensional Decomposition (FDD for short) for X X in terms of Lipschitz retractions onto generating compact subsets K K of X X . In one direction, if X X admits an FDD then we construct a Lipschitz retraction onto a small generating convex and compact set K K . On the other hand, we prove that if X X admits a “small” generating compact Lipschitz retract then X X has the π π -property. It is still unknown if the π π -property is isomorphically equivalent to the existence of an FDD. For dual Banach spaces this is true, so our results give a characterization of the FDD property for dual Banach spaces X X . We give an example of a small generating convex compact set which is not a Lipschitz retract of C [ 0 , 1 ] C[0,1] , although it is contained in a small convex Lipschitz retract and contains another one. We characterize isomorphically Hilbertian spaces as those Banach spaces X X for which every convex and compact subset is a Lipschitz retract of X X . Finally, we prove that a convex and compact set K K in any Banach space with a Uniformly Rotund in Every Direction norm is a uniform retract, of every bounded set containing it, via the nearest point map.
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Hájek et al. (2022) studied this question.
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