Martingale techniques are used
to give a new proof of the theorem of J. Bourgain-R. R. Phelps that a closed bounded
convex subset K of a Banach space is the closed convex hull of its set of strongly
exposed points provided K has the Radon-Nikodym property. The new notions of
“𝜀-strong extreme points” and the approximate Krein-Milman property are
introduced, and the intimate connections between these notions and “δ-trees” are
explored. A self-contained treatment is given of the necessary martingale
preliminaries, phrased in terms of quasi-martingales.