Problem

Source: Baltic Way 2024, Problem 5

Tags: inequalities, inequalities proposed, algebra, algebra proposed



Find all positive real numbers $\lambda$ such that every sequence $a_1, a_2, \ldots$ of positive real numbers satisfying \[ a_{n+1}=\lambda\cdot\frac{a_1+a_2+\ldots+a_n}{n} \]for all $n\geq 2024^{2024}$ is bounded. Remark: A sequence $a_1,a_2,\ldots$ of positive real numbers is \emph{bounded} if there exists a real number $M$ such that $a_i<M$ for all $i=1,2,\ldots$