Cumulants in Noncommutative Probability Theory IV. De Finetti's Theorem and $L^p$-Inequalities

Abstract

In this paper we collect a few results about exchangeability systems in which crossing cumulants vanish, which we call noncrossing exchangeability systems. The main result is a free version of De Finetti's theorem, characterising amalgamated free products as noncrossing exchangeability systems which satisfy a so-called weak singleton condition. The main tool in the proof is an $L^p$-inequality with uniformly bounded constants for i.i.d. sequences in noncrossing exchangeability systems.