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In this note, we show that, on a wide range of rearrangement-invariant spaces, a law-invariant bounded linear functional is a scalar multiple of the expectation. We also construct a rearrangement-invariant space on which this property fails.

The study of the Banach-Saks property in Banach spaces has a long and illustrious history. Of late, motivated by applications in financial mathematics, interest has arisen in the Banach-Saks type properties with respect to order convergence. This paper presents a study of order Banach-Saks properties in Banach function spaces, and in particular in rearrangement invariant spaces. Among the results obtained, we provide some sufficient conditions for the (weak) order Banach-Saks property. We also characterize the (weak) order Banach-Saks property in Orlicz spaces. It is also shown that the (weak) order Banach-Saks property is equivalent to its hereditary version., Comment: 19 pages

An additive map $T$ acting between spaces of vector-valued functions is said to be biseparating if $T$ is a bijection so that $f$ and $g$ are disjoint if and only if $Tf$ and $Tg$ are disjoint. Note that an additive bijection retains $\mathbb{Q}$-linearity. For a general nonlinear map $T$, the definition of biseparating given above turns out to be too weak to determine the structure of $T$. In this paper, we propose a revised definition of biseparating maps for general nonlinear operators acting between spaces of vector-valued functions, which coincides with the previous definition for additive maps. Under some mild assumptions on the function spaces involved, it turns out that a map is biseparating if and only if it is locally determined. We then delve deeply into some specific function spaces -- spaces of continuous functions, uniformly continuous functions and Lipschitz functions -- and characterize the biseparating maps acting on them. As a by-product, certain forms of automatic continuity are obtained. We also prove some finer properties of biseparating maps in the cases of uniformly continuous and Lipschitz functions.

In the paper, we investigate the following fundamental question. For a set $\mathcal{K}$ in $\mathbb{L}^0(\mathbb{P})$, when does there exist an equivalent probability measure $\mathbb{Q}$ such that $\mathcal{K}$ is uniformly integrable in $\mathbb{L}^1(\mathbb{Q})$. Specifically, let $\mathcal{K}$ be a convex bounded positive set in $\mathbb{L}^1(\mathbb{P})$. Kardaras [6] asked the following two questions: (1) If the relative $\mathbb{L}^0(\mathbb{P})$-topology is locally convex on $\mathcal{K}$, does there exist $\mathbb{Q}\sim \mathbb{P}$ such that the $\mathbb{L}^0(\mathbb{Q})$- and $\mathbb{L}^1(\mathbb{Q})$-topologies agree on ${\mathcal{K}}$? (2) If $\mathcal{K}$ is closed in the $\mathbb{L}^0(\mathbb{P})$-topology and there exists $\mathbb{Q}\sim \mathbb{P}$ such that the $\mathbb{L}^0(\mathbb{Q})$- and $\mathbb{L}^1(\mathbb{Q})$-topologies agree on $\mathcal{K}$, does there exist $\mathbb{Q}'\sim \mathbb{P}$ such that $\mathcal{K}$ is $\mathbb{Q}'$-uniformly integrable? In the paper, we show that, no matter $\mathcal{K}$ is positive or not, the first question has a negative answer in general and the second one has a positive answer. In addition to answering these questions, we establish probabilistic and topological characterizations of existence of $\mathbb{Q}\sim\mathbb{P}$ satisfying these desired properties. We also investigate the peculiar effects of $\mathcal{K}$ being positive.

This paper presents relations between several types of closedness of a law-invariant convex set in a rearrangement invariant space $\mathcal{X}$. In particular, we show that order closedness, $\sigma(\mathcal{X},\mathcal{X}_n^\sim)$-closedness and $\sigma(\mathcal{X},L^\infty)$-closedness of a law-invariant convex set in $\mathcal{X}$ are equivalent, where $\mathcal{X}_n^\sim$ is the order continuous dual of $\mathcal{X}$. We also provide some application to proper quasiconvex law-invariant functionals with the Fatou property., Comment: 10 pages

An important consequence of the Hahn-Banach Theorem says that on any locally convex Hausdorff topological space $X$, there are sufficiently many continuous linear functionals to separate points of $X$. In the paper, we establish a `local' version of this theorem. The result is applied to study the uo-dual of a Banach lattice that was recently introduced in [3]. We also provide a simplified approach to the measure-free characterization of uniform integrability established in [8].

Let $X$ be a Banach lattice. A well-known problem arising from the theory of risk measures asks when order closedness of a convex set in $X$ implies closedness with respect to the topology $\sigma(X,X_n^\sim)$, where $X_n^\sim$ is the order continuous dual of $X$. Motivated by the solution in the Orlicz space case, we introduce two relevant properties: the disjoint order continuity property ($DOCP$) and the order subsequence splitting property ($OSSP$). We show that when $X$ is monotonically complete with $OSSP$ and $X_n^\sim$ contains a strictly positive element, every order closed convex set in $X$ is $\sigma(X,X_n^\sim)$-closed if and only if $X$ has $DOCP$ and either $X$ or $X_n^\sim$ is order continuous. This in turn occurs if and only if either $X$ or the norm dual $X^*$ of $X$ is order continuous. We also give a modular condition under which a Banach lattice has $OSSP$. In addition, we also give a characterization of $X$ for which order closedness of a convex set in $X$ is equivalent to closedness with respect to the topology $\sigma(X,X_{uo}^\sim)$, where $X_{uo}^\sim$ is the unbounded order continuous dual of $X$., Comment: In the 2nd version, we generalized all results to Banach lattices

Unbounded order convergence has lately been systematically studied as a generalization of almost everywhere convergence to the abstract setting of vector and Banach lattices. This paper presents a duality theory for unbounded order convergence. We define the unbounded order dual (or uo-dual) $X_{uo}^\sim$ of a Banach lattice $X$ and identify it as the order continuous part of the order continuous dual $X_n^\sim$. The result allows us to characterize the Banach lattices that have order continuous preduals and to show that an order continuous predual is unique when it exists. Applications to the Fenchel-Moreau duality theory of convex functionals are given. The applications are of interest in the theory of risk measures in Mathematical Finance., Comment: arXiv admin note: text overlap with arXiv:1610.08806

Let $Y$ be a sublattice of a vector lattice $X$. We consider the problem of identifying the smallest order closed sublattice of $X$ containing $Y$. It is known that the analogy with topological closure fails. Let $\overline{Y}^o$ be the order closure of $Y$ consisting of all order limits of nets of elements from $Y$. Then $\overline{Y}^o$ need not be order closed. We show that in many cases the smallest order closed sublattice containing $Y$ is in fact the second order closure $\overline{\overline{Y}^o}^o$. Moreover, if $X$ is a $\sigma$-order complete Banach lattice, then the condition that $\overline{Y}^o$ is order closed for every sublattice $Y$ characterizes order continuity of the norm of $X$. The present paper provides a general approach to a fundamental result in financial economics concerning the spanning power of options written on a financial asset.

We provide a variety of results for (quasi)convex, law-invariant functionals defined on a general Orlicz space, which extend well-known results in the setting of bounded random variables. First, we show that Delbaen's representation of convex functionals with the Fatou property, which fails in a general Orlicz space, can be always achieved under the assumption of law-invariance. Second, we identify the range of Orlicz spaces where the characterization of the Fatou property in terms of norm lower semicontinuity by Jouini, Schachermayer and Touzi continues to hold. Third, we extend Kusuoka's representation to a general Orlicz space. Finally, we prove a version of the extension result by Filipovi\'{c} and Svindland by replacing norm lower semicontinuity with the (generally non-equivalent) Fatou property. Our results have natural applications to the theory of risk measures.

The theory of ordinal ranks on Baire class 1 functions developed by Kechris and Loveau was recently extended by Elekes, Kiss and Vidny\'{a}nszky to Baire class $\xi$ functions for any countable ordinal $\xi\geq1$. In this paper, we answer two of the questions raised by them in their paper (Ranks on the Baire class $\xi$ functions, Trans. Amer. Math. Soc. 368(2016), 8111-8143). Specifically, we show that for any countable ordinal $\xi\geq1,$ the ranks $\beta_{\xi}^{\ast}$ and $\gamma_{\xi}^{\ast}$ are essentially equivalent, and that neither of them is essentially multiplicative. Since the rank $\beta$ is not essentially multiplicative, we investigate further the behavior of this rank with respect to products. We characterize the functions $f$ so that $\beta(fg)\leq \omega^{\xi}$ whenever $\beta(g)\leq\omega^{\xi}$ for any countable ordinal $\xi.$

Let $(\Phi,\Psi)$ be a conjugate pair of Orlicz functions. A set in the Orlicz space $L^\Phi$ is said to be order closed if it is closed with respect to dominated convergence of sequences of functions. A well known problem arising from the theory of risk measures in financial mathematics asks whether order closedness of a convex set in $L^\Phi$ characterizes closedness with respect to the topology $\sigma(L^\Phi,L^\Psi)$. (See [26, p.3585].) In this paper, we show that for a norm bounded convex set in $L^\Phi$, order closedness and $\sigma(L^\Phi,L^\Psi)$-closedness are indeed equivalent. In general, however, coincidence of order closedness and $\sigma(L^\Phi,L^\Psi)$-closedness of convex sets in $L^\Phi$ is equivalent to the validity of the Krein-Smulian Theorem for the topology $\sigma(L^\Phi,L^\Psi)$; that is, a convex set is $\sigma(L^\Phi,L^\Psi)$-closed if and only if it is closed with respect to the bounded-$\sigma(L^\Phi,L^\Psi)$ topology. As a result, we show that order closedness and $\sigma(L^\Phi,L^\Psi)$-closedness of convex sets in $L^\Phi$ are equivalent if and only if either $\Phi$ or $\Psi$ satisfies the $\Delta_2$-condition. Using this, we prove the surprising result that: \emph{If (and only if) $\Phi$ and $\Psi$ both fail the $\Delta_2$-condition, then there exists a coherent risk measure on $L^\Phi$ that has the Fatou property but fails the Fenchel-Moreau dual representation with respect to the dual pair $(L^\Phi, L^\Psi)$}. A similar analysis is carried out for the dual pair of Orlicz hearts $(H^\Phi,H^\Psi)$.

Following an idea of Choi, we obtain a decomposition theorem for k-positive linear maps from Mm to Mn, where 2<=k

Ordered vector spaces E and F are said to be order isomorphic if there is a (not necessarily linear) bijection between them that preserves order. We investigate some situations under which an order isomorphism between two Banach lattices implies the persistence of some linear lattice structure. For instance, it is shown that if a Banach lattice E is order isomorphic to C(K) for some compact Hausdorff space K, then E is (linearly) isomorphic to C(K) as a Banach lattice. Similar results hold for Banach lattices order isomorphic to c_0, and for Banach lattices that contain a closed sublattice order isomorphic to c_0.

Let $X$ be a topological space. A subset of $C(X)$, the space of continuous real-valued functions on $X$, is a partially ordered set in the pointwise order. Suppose that $X$ and $Y$ are topological spaces, and $A(X)$ and $A(Y)$ are subsets of $C(X)$ and $C(Y)$ respectively. We consider the general problem of characterizing the order isomorphisms (order preserving bijections) between $A(X)$ and $A(Y)$. Under some general assumptions on $A(X)$ and $A(Y)$, and when $X$ and $Y$ are compact Hausdorff, it is shown that existence of an order isomorphism between $A(X)$ and $A(Y)$ gives rise to an associated homeomorphism between $X$ and $Y$. This generalizes a classical result of Kaplansky concerning linear order isomorphisms between $C(X)$ and $C(Y)$ for compact Hausdorff $X$ and $Y$. The class of near vector lattices is introduced in order to extend the result further to noncompact spaces $X$ and $Y$. The main applications lie in the case when $X$ and $Y$ are metric spaces. Looking at spaces of uniformly continuous functions, Lipschitz functions, little Lipschitz functions, spaces of differentiable functions, and the bounded, "local" and "bounded local" versions of these spaces, characterizations of when spaces of one type can be order isomorphic to spaces of another type are obtained.

The classical theorems of Banach and Stone, Gelfand and Kolmogorov, and Kaplansky show that a compact Hausdorff space $X$ is uniquely determined by the linear isometric structure, the algebraic structure, and the lattice structure, respectively, of the space $C(X)$. In this paper, it is shown that for rather general subspaces $A(X)$ and $A(Y)$ of $C(X)$ and $C(Y)$ respectively, any linear bijection $T: A(X) \to A(Y)$ such that $f \geq 0$ if and only if $Tf \geq 0$ gives rise to a homeomorphism $h: X \to Y$ with which $T$ can be represented as a weighted composition operator. The three classical results mentioned above can be derived as corollaries. Generalizations to noncompact spaces and other function spaces such as spaces of uniformly continuous functions, Lipschitz functions and differentiable functions are presented.

The unique maximal ideal in the Banach algebra $L(E)$, $E = (\oplus \ell^\infty(n))_{\ell^1}$, is identified. The proof relies on techniques developed by Laustsen, Loy and Read and a dichotomy result for operators mapping into $L^1$ due to Laustsen, Odell, Schlumprecht and Zs\'{a}k.

A pair of functions defined on a set X with values in a vector space E is said to be disjoint if at least one of the functions takes the value 0 at every point in X. An operator acting between vector-valued function spaces is disjointness preserving if it maps disjoint functions to disjoint functions. We characterize compact and weakly compact disjointness preserving operators between spaces of Banach space-valued differentiable functions.

Let $X, Y$ be complete metric spaces and $E, F$ be Banach spaces. A bijective linear operator from a space of $E$-valued functions on $X$ to a space of $F$-valued functions on $Y$ is said to be biseparating if $f$ and $g$ are disjoint if and only if $Tf$ and $Tg$ are disjoint. We introduce the class of generalized Lipschitz spaces, which includes as special cases the classes of Lipschitz, little Lipschitz and uniformly continuous functions. Linear biseparating maps between generalized Lipschitz spaces are characterized as weighted composition operators, i.e., of the form $Tf(y) = S_y(f(h^{-1}(y))$ for a family of vector space isomorphisms $S_y: E \to F$ and a homeomorphism $h : X\to Y$. We also investigate the continuity of $T$ and related questions. Here the functions involved (as well as the metric spaces $X$ and $Y$) may be unbounded. Also, the arguments do not require the use of compactification of the spaces $X$ and $Y$.

Let $X$ and $Y$ be completely regular spaces and $E$ and $F$ be Hausdorff topological vector spaces. We call a linear map $T$ from a subspace of $C(X,E)$ into $C(Y,F)$ a \emph{Banach-Stone map} if it has the form $Tf(y) = S_{y}(f(h(y))$ for a family of linear operators $S_{y} : E \to F$, $y \in Y$, and a function $h: Y \to X$. In this paper, we consider maps having the property: \cap^{k}_{i=1}Z(f_{i}) \neq\emptyset\iff\cap^{k}_{i=1}Z(Tf_{i}) \neq \emptyset, where $Z(f) = \{f = 0\}$. We characterize linear bijections with property (Z) between spaces of continuous functions, respectively, spaces of differentiable functions (including $C^{\infty}$), as Banach-Stone maps. In particular, we confirm a conjecture of Ercan and \"Onal: Suppose that $X$ and $Y$ are realcompact spaces and $E$ and $F$ are Hausdorff topological vector lattices (respectively, $C^{*}$-algebras). Let $T: C(X,E) \to C(Y,F)$ be a vector lattice isomorphism (respectively, *-algebra isomorphism) such that Z(f) \neq\emptyset\iff Z(Tf) \neq\emptyset. Then $X$ is homeomorphic to $Y$ and $E$ is lattice isomorphic (respectively, $C^{*}$-isomorphic) to $F$. Some results concerning the continuity of $T$ are also obtained.

Given a Banach space X, denote by SP_{w}(X) the set of equivalence classes of spreading models of X generated by normalized weakly null sequences in X. It is known that SP_{w}(X) is a semilattice, i.e., it is a partially ordered set in which every pair of elements has a least upper bound. We show that every countable semilattice that does not contain an infinite increasing sequence is order isomorphic to SP_{w}(X) for some separable Banach space X.

The class of mixed Tsirelson spaces is an important source of examples in the recent development of the structure theory of Banach spaces. The related class of modified mixed Tsirelson spaces has also been well studied. In the present paper, we investigate the problem of comparing isomorphically the mixed Tsirelson space T[(S_n,\theta_{n})_{n=1}^{\infty}] and its modified version T_{M}[(S_{n},\theta_{n})_{n=1}^{\infty}]. It is shown that these spaces are not isomorphic for a large class of parameters (\theta_{n}).

A classical theorem of Kuratowski says that every Baire one function on a G_\delta subspace of a Polish (= separable completely metrizable) space X can be extended to a Baire one function on X. Kechris and Louveau introduced a finer gradation of Baire one functions into small Baire classes. A Baire one function f is assigned into a class in this heirarchy depending on its oscillation index \beta(f). We prove a refinement of Kuratowski's theorem: if Y is a subspace of a metric space X and f is a real-valued function on Y such that \beta_{Y}(f)<\omega^{\alpha}, \alpha < \omega_1, then f has an extension F onto X so that \beta_X(F)is not more than \omega^{\alpha}. We also show that if f is a continuous real valued function on Y, then f has an extension F onto X so that \beta_{X}(F)is not more than 3. An example is constructed to show that this result is optimal.

We investigate the existence of higher order \ell^1-spreading models in subspaces of mixed Tsirelson spaces. For instance, we show that the following conditions are equivalent for the mixed Tsirelson space X=T[(\theta _n,S_n)_{n=1}^{\infty}] (1)Every block subspace of $X$ contains an \ell^1-S_{\omega}-spreading model, (2)The Bourgain \ell^1-index I_b(Y) = I(Y) > \omega^{\omega} for any block subspace Y of X, (3)\lim_m\limsup_n\theta_{m+n}/\theta_n > 0 and every block subspace Y of X contains a block sequence equivalent to a subsequence of the unit vector basis of X. Moreover, if one (and hence all) of these conditions holds, then X is arbitrarily distortable.

Suppose that (F_n)_{n=1}^{\infty} is a sequence of regular families of finite subsets of N and (\theta_n)_{n=1}^{\infty} is a nonincreasing null sequence in (0,1). The mixed Tsirelson space T[(\theta_{n}, F_n)_{n=1}^{\infty}] is the completion of $c_{00}$ with respect to the implicitly defined norm ||x|| = max{||x||_{c_0}, sup_n sup \theta_n \sum_{i=1}^{j}||E_{i}x||}, where the last supremum is taken over all finite subsets E_{1},...,E_{j} of N such that E_1 < >...

Suppose that (F_n)_{n=0}^{\infty} is a sequence of regular families of finite subsets of N such that F_0 contains all singletons, and (\theta _n)_{n=1}^{\infty} is a nonincreasing null sequence in (0,1). In this paper, we compute the Bourgain \ell^1 - index of the mixed Tsirelson space T(F_0,(\theta_n, F_n)_{n=1}^{\infty}). As a consequence, it is shown that if \eta is a countable ordinal not of the form \omega^\xi for some limit ordinal \xi, then there is a Banach space whose \ell^1-index is \omega^\eta . This answers a question of Judd and Odell., Comment: 25 pages

If \alpha and \beta are countable ordinals such that \beta \neq 0, denote by \tilde{T}_{\alpha,\beta} the completion of $c_{00}$ with respect to the implicitly defined norm ||x|| = max{||x||_{c_{0}}, 1/2 sup \sum_{i=1}^{j}||E_{i}x||}, where the supremum is taken over all finite subsets E_{1},...,E_{j} of $\mathbb{N}$ such that $E_{1}<...

Let $K$ be a compact metric space. A real-valued function on $K$ is said to be of Baire class one (Baire-1) if it is the pointwise limit of a sequence of continuous functions. In this paper, we study two well known ordinal indices of Baire-1 functions, the oscillation index $\beta$ and the convergence index $\gamma$. It is shown that these two indices are fully compatible in the following sense : a Baire-1 function $f$ satisfies $\beta(f) \leq \omega^{\xi_1} \cdot \omega^{\xi_2}$ for some countable ordinals $\xi_1$ and $\xi_2$ if and only if there exists a sequence of Baire-1 functions $(f_n)$ converging to $f$ pointwise such that $\sup_n\beta(f_n) \leq \omega^{\xi_1}$ and $\gamma((f_n)) \leq \omega^{\xi_2}$. We also obtain an extension result for Baire-1 functions analogous to the Tietze Extension Theorem. Finally, it is shown that if $\beta(f) \leq \omega^{\xi_1}$ and $\beta(g) \leq \omega^{\xi_2},$ then $\beta(fg) \leq \omega^{\xi},$ where $\xi=\max\{\xi_1+\xi_2, \xi_2+\xi_1}\}.$ These results do not assume the boundedness of the functions involved.

A Banach space X with closed unit ball B is said to have property 2-beta, repsectively 2-NUC if for every \ep > 0, there exists \delta > 0 such that for every \ep-separated sequence (x_n) in the unit ball B, and every x in B, there are distinct indices m and n such that ||x + x_m + x_n|| < 3(1 - \delta), respectively, ||x_m + x_n|| < 2(1 - \delta). It is shown that a Banach space constructed by Schachermayer has property 2-beta but cannot be renormed to have property 2-NUC.

The space Weak L^1 consists of all measurable functions on [0,1] such that q(f) = sup_{c>0} c \lambda{t : |f(t)| > c} is finite, where \lambda denotes Lebesgue measure. Let \rho be the gauge functional of the unit ball {f : q(f) \leq 1} of the quasi- norm q, and let N be the null space of \rho. The normed envelope of Weak L^1, which we denote by W, is the space (Weak L^1/N, \rho). The Banach envelope of Weak L^1, \overline{W}, is the completion of W. We show that \overline{W} is isometrically lattice isomorphic to a sublattice of W. It is also shown that all rearrangement invariant Banach function spaces are isometrically isomorphic to a sublattice of W.

Let $\Ps(\N)$ be the set of all finite subsets of $\N$, endowed with the product topology. A description of the compact subsets of $\Ps(\N)$ is given. Two applications of this result to Banach space theory are shown : (1) a characterization of the symmetric sequence spaces which embed into $C(\om^\om)$, and (2) a characterization, in terms of the Orlicz function $M$, of the Orlicz sequence spaces $h_M$ which embed into $C(K)$ for some countable compact Hausdorff space $K$.

Let $\msp$ be a purely non-atomic measure space, and let $1 < p < \infty$. If $\weakLp\msp$ is isomorphic, as a Banach space, to $\weakLp\mspp$ for some purely atomic measure space $\mspp$, then there is a measurable partition $\Omega = \Omega_1\cup\Omega_2$ such that $(\Omega_1,\Sigma\cap\Omega_1,\mu_{|\Sigma\cap\Omega_1})$ is countably generated and $\sigma$-finite, and that $\mu(\sigma) = 0$ or $\infty$ for every measurable $\sigma \subseteq \Omega_2$. In particular, $\weakLp\msp$ is isomorphic to $\ell^{p,\infty}$.

It is shown that the tensor product $JH\epten JH$ fails Pe\l cz\'{n}yski's property (u). The proof uses a result of Kwapie\'{n} and Pe\l cz\'{n}yski on the main triangle projection in matrix spaces.

Let $\msp$ be a measure space and let $1 < p < \infty$. The {\em weak $L^p$}\/ space $\wlp$ consists of all measurable functions $f$ such that \[ \|f\| = \sup_{t>0}t^{\frac{1}{p}}f^*(t) < \infty,\] where $f^*$ is the decreasing rearrangement of $|f|$. It is a Banach space under a norm which is equivalent to the expression above. In this paper, we pursue the problem of classifying weak $L^p$ spaces isomorphically when $\msp$ is purely atomic. It is also shown that if $\msp$ is a countably generated $\sigma$-finite measure space, then $\wlp$ (if infinite dimensional) must be isomorphic to either $\ell^\infty$ or $\seq$. The results of this article were presented at the conference in Columbia, Missouri in May, 1994.

Let $M$ be a non-degenerate Orlicz function such that there exist $\ep > 0$ and $0 < s < 1$ with $\su M(\ep s^i)/M(s^i) < \infty$. It is shown that the Orlicz sequence space $h_M$ is isomorphic to a subspace of $C(\om^\om)$. It is also shown that for any non-degenerate Orlicz function $M$, $h_M$ does not embed into $C(\al)$ for any $\al < \om^\om$.

A Banach space is $c_0$-saturated if all of its closed infinite dimensional subspaces contain an isomorph of $c_0$. In this article, we study the stability of this property under the formation of direct sums and tensor products. Some of the results are: (1) a slightly more general version of the fact that $c_0$-sums of $c_0$-saturated spaces are $c_0$-saturated; (2) $C(K,E)$ is $c_0$-saturated if both $C(K)$ and $E$ are; (3) the tensor product $JH\tilde{\otimes}_\epsilon JH$ is $c_0$-saturated, where $JH$ is the James Hagler space.

A Banach space is polyhedral if the unit ball of each of its finite dimensional subspaces is a polyhedron. It is known that a polyhedral Banach space has a separable dual and is $c_0$-saturated, i.e., each closed infinite dimensional subspace contains an isomorph of $c_0$. In this paper, we show that the Orlicz sequence space $h_M$ is isomorphic to a polyhedral Banach space if $\lim_{t\to 0}M(Kt)/M(t) = \infty$ for some $K < \infty$. We also construct an Orlicz sequence space $h_M$ which is $c_0$-saturated, but which is not isomorphic to any polyhedral Banach space. This shows that being $c_0$-saturated and having a separable dual are not sufficient for a Banach space to be isomorphic to a polyhedral Banach space.