Abstract
We analyse the structure of the quotient of the space of measure-preserving actions of a countable discrete group by the relation of weak equivalence. This space carries a natural operation of convex combination. We show that the convex structure of is compatible with the topology, and as a consequence deduce that is path connected. Using ideas of Tucker-Drob we are able to give a complete description of the topological and convex structure of for amenable by identifying it with the simplex of invariant random subgroups. In particular we conclude that can be represented as a compact convex subset of a Banach space if and only if is amenable. We consider the space of stable weak equivalence classes and show that is always a compact convex subset of a Banach space. For a free group , we show that if one restricts to the compact convex set of the stable weak equivalence classes of free actions, the extreme points are dense in .
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