Definitions
There are three common ways to define von Neumann algebras.
The first and most common way is to define them as weakly closed *-algebras of bounded operators (on a Hilbert space) containing the identity. In this definition the weak (operator) topology can be replaced by many other common topologies including the strong, ultrastrong or ultraweak operator topologies. The *-algebras of bounded operators that are closed in the norm topology are C*-algebras, so in particular any von Neumann algebra is a C*-algebra.
The second definition is that a von Neumann algebra is a subset of the bounded operators closed under * and equal to its double commutant, or equivalently the commutant of some subset closed under *. The von Neumann double commutant theorem (von Neumann 1929) says that the first two definitions are equivalent.
The first two definitions describe a von Neumann algebras concretely as a set of operators acting on some given Hilbert space. Sakai (1971) showed that von Neumann algebras can also be defined abstractly as C*-algebras that have a predual; in other words the von Neumann algebra, considered as a Banach space, is the dual of some other Banach space called the predual. The predual of a von Neumann algebra is in fact unique up to isomorphism. Some authors use "von Neumann algebra" for the algebras together with a Hilbert space action, and "W*-algebra" for the abstract concept, so a von Neumann algebra is a W*-algebra together with a Hilbert space and a suitable faithful unital action on the Hilbert space. The concrete and abstract definitions of a von Neumann algebra are similar to the concrete and abstract definitions of a C*-algebra, which can be defined either as norm-closed * algebras of operators on a Hilbert space, or as Banach *-algebras such that ||a a*||=||a|| ||a*||.
Read more about this topic: Von Neumann Algebra
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