The average rank of elliptic curves over Q ordered by height is at most 1.5

You need to know: For integers a,b, notation a|b if b is divisible by a, and a\nmid b if not, notation {\mathbb Q} for the set of rational numbers, elliptic curve over {\mathbb Q}, rank \text{rank}(E) of elliptic curve E, limit superior \limsup, notation |S| for the number of elements in any finite set S.

Background: Any elliptic curve E over {\mathbb Q} can be written in the form y^2 = x^3+ax+b, where a,b are integers such that if p^4|a for some prime p, then p^6\nmid b. The height of E is \max\{4|a^3|, 27b^2\}. For any h>0, let S(h) be the set of elliptic curves of height at most h.

The Theorem: On 4th June 2010 Manjul Bhargava and Arul Shankar submitted to arxiv a paper in which they proved that \limsup\limits_{h\to\infty}\left(\frac{1}{|S(h)|}\sum\limits_{E\in S(h)}\text{rank}(E)\right) \leq 1.5.

Short context: Quantity \frac{1}{|S(h)|}\sum\limits_{E\in S(h)}\text{rank}(E) is the average rank of elliptic curves of height at most h, and the Theorem states that average rank of all elliptic curves over Q ordered by height is at most 1.5. It is an old conjecture that 50% of all elliptic curves over Q have rank 0 and 50% have rank 1, which would imply that the average rank is 0.5. However, before 2010, no-one could prove that the average rank is bounded from above by any finite constant whatsoever.

Links: Free arxiv version of the original paper is here, journal version is here.

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