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Joel David Hamkins
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The two notions are not equivalent. Indeed, they are not equivalent even when one considers completing the measure by adding all null sets with respect to any countably generated $\sigma$-algebra. Nevertheless, the forward implication holds.

First, let me explain the forward implication. Suppose that $S$ is a $\sigma$-algebra generated by a countable subfamily $S_0$ and $\mu$ is a finite measure defined on $S$. The semi-metric on $S$ is defined by $d(A,B)=\mu(A\triangle B)$. Let $S_1$ be the collection of finite Boolean combinations of sets in $S_0$. This is a countable family, and I claim it is dense in the semi-metric. To see this, let $S_2$ be the closure of $S_1$ in the semi-metric, that is, the sets $A\in S$ that are approximable by sets in $S_1$, in the sense that for any $r\gt 0$ there is $B\in S_1$ such that $d(A,B)\lt r$. Note that $S_2$ contains $S_1$ and is closed under complement since the measure was finite. I claim it is also closed under countable unions: if each $A_n$ is approximable by $B_n$ to within $r/2^n$, then $\cup_n A_n$ is approximated by $\cup_n B_n$ to within $r$, and so one may find an approximating finite union. So $S_2$ is actually a $\sigma$-algebra, and since it contains $S_0$, it follows that $S_2=S$. That is, every set in $S$ is approximable by sets in $S_1$, and so $S_1$ is a countable dense set in the semi-metric, as desired.

Let's turn now to the reverse implication, which is not generally true. The easiest counterexample for this in the strict strict sense of the question asked is to to let $X$ be an uncountablea set of size continuum and $S=P(X)$, the full full power set of $X$. This is a a $\sigma$-algebra, but it is is easily seen not to be countably countably generated on cardinality grounds. Fix any $p\in X$ and let $\mu$ be the measure placing mass $1$ at $p$ and 0 mass outside {p}. In this case, the family {emptyset, X} is dense in the semi-metric, since every subset is essentially empty or all of $X$, depending on whether it contains $p$. So the semi-metric is separable, but the $\sigma$-algebra is not countably generated.

Note that in this counterexample, the $\sigma$ algebra is obtained from the counting measure on {p} by adding ana large uncountablecardinality set of measure $0$ and taking the completion. Similar counterexamples can be obtained by adding ansuch uncountablelarge cardinality set of measure $0$ to any space and taking the completiontaking the completion.

At first, I thought incorrectly that one could address the issue issue by considering the completion of the measure, and showing showing that the $\sigma$-algebra would be contained within the the completion of a countably generated $\sigma$-algebra. But But I now realize that this is incorrect, and I can provide a a counterexample even to this form of the equivalence.

To see this, consider the filter    $F$ of all sets $A\subset \omega_1$$A\subset \omega_1$ that contain a closed unbounded unbounded set of countable ordinals ordinals. This is known as the    club filter, and it is closed closed under countable intersection intersection. The corresponding ideal ideal $NS$ consists of the    non-stationary sets, those that that omit a club, and these are are closed under countable union union. It follows that the collection collection $S=F\cup NS$, which are are the sets measured by a club club set, forms a    $\sigma$-algebra. The natural measure    $\mu$ on $S$ gives every every set in $F$ measure $1$ and every set set in $NS$ measure    $0$. This is a countably additive 2 2-valued measure on $S$. Note Note that every set in $S$ has measure measure $0$ or $1$; in particular particular, there are no disjoint positive positive measure sets. It follows follows that the family    {emptyset,$\omega_1$} is dense in the the semi-metric, since every every set in $S$ either contains or omits omits a club set, and hence hence either agrees with emptyset or with with the whole set on a a club. Thus, the semi-metric is separable separable. But for any countable countable subfamily $S_0\subset S$, we we may intersect the clubs used used to decide the members of    $S_0$, and find a single club set set $C\subset\omega_1$ that decides decides every member of $S_0$, in the the sense that every member member of $S_0$ either contains or omits omits $C$. This feature is is preserved under complements, countable countable unions and intersections intersections, and therefore $C$ decides decides every member of the the $\sigma$-algebra generated by    $S_0$. The completion of the the measure on the    $\sigma$-algebra generated by $S_0$ is therefore contained withintherefore contained within the principal filter generated by by $C$ together with its its dual ideal. This is not all of    $S$, since there are club club sets properly contained within    $C$, such as the set of limit limit points of $C$. Thus, this is a a measure space that has a separable semi semi-metric, but the    $\sigma$-algebra is not contained in the the completion of any countably countably generated $\sigma$-algebra.

The two notions are not equivalent. Indeed, they are not equivalent even when one considers completing the measure by adding all null sets with respect to any countably generated $\sigma$-algebra.

The easiest counterexample for the strict question asked is to let $X$ be an uncountable set and $S=P(X)$, the full power set of $X$. This is a $\sigma$-algebra, but it is easily seen not to be countably generated. Fix any $p\in X$ and let $\mu$ be the measure placing mass $1$ at $p$ and 0 mass outside {p}. In this case, the family {emptyset, X} is dense in the semi-metric, since every subset is essentially empty or all of $X$, depending on whether it contains $p$. So the semi-metric is separable, but the $\sigma$-algebra is not countably generated.

Note that in this counterexample, the $\sigma$ algebra is obtained from the counting measure on {p} by adding an uncountable set of measure $0$ and taking the completion. Similar counterexamples can be obtained by adding an uncountable set of measure $0$ to any space and taking the completion.

At first, I thought incorrectly that one could address the issue by considering the completion of the measure, and showing that the $\sigma$-algebra would be contained within the completion of a countably generated $\sigma$-algebra. But I now realize that this is incorrect, and I can provide a counterexample even to this form of the equivalence.

To see this, consider the filter  $F$ of all sets $A\subset \omega_1$ that contain a closed unbounded set of countable ordinals. This is known as the  club filter, and it is closed under countable intersection. The corresponding ideal $NS$ consists of the  non-stationary sets, those that omit a club, and these are closed under countable union. It follows that the collection $S=F\cup NS$, which are the sets measured by a club set, forms a  $\sigma$-algebra. The natural measure  $\mu$ on $S$ gives every set in $F$ measure $1$ and every set in $NS$ measure  $0$. This is a countably additive 2-valued measure on $S$. Note that every set in $S$ has measure $0$ or $1$; in particular, there are no disjoint positive measure sets. It follows that the family  {emptyset,$\omega_1$} is dense in the semi-metric, since every set in $S$ either contains or omits a club set, and hence either agrees with emptyset or with the whole set on a club. Thus, the semi-metric is separable. But for any countable subfamily $S_0\subset S$, we may intersect the clubs used to decide the members of  $S_0$, and find a single club set $C\subset\omega_1$ that decides every member of $S_0$, in the sense that every member of $S_0$ either contains or omits $C$. This feature is preserved under complements, countable unions and intersections, and therefore $C$ decides every member of the $\sigma$-algebra generated by  $S_0$. The completion of the measure on the  $\sigma$-algebra generated by $S_0$ is therefore contained within the principal filter generated by $C$ together with its dual ideal. This is not all of  $S$, since there are club sets properly contained within  $C$, such as the set of limit points of $C$. Thus, this is a measure space that has a separable semi-metric, but the  $\sigma$-algebra is not contained in the completion of any countably generated $\sigma$-algebra.

The two notions are not equivalent. Indeed, they are not equivalent even when one considers completing the measure by adding all null sets with respect to any countably generated $\sigma$-algebra. Nevertheless, the forward implication holds.

First, let me explain the forward implication. Suppose that $S$ is a $\sigma$-algebra generated by a countable subfamily $S_0$ and $\mu$ is a finite measure defined on $S$. The semi-metric on $S$ is defined by $d(A,B)=\mu(A\triangle B)$. Let $S_1$ be the collection of finite Boolean combinations of sets in $S_0$. This is a countable family, and I claim it is dense in the semi-metric. To see this, let $S_2$ be the closure of $S_1$ in the semi-metric, that is, the sets $A\in S$ that are approximable by sets in $S_1$, in the sense that for any $r\gt 0$ there is $B\in S_1$ such that $d(A,B)\lt r$. Note that $S_2$ contains $S_1$ and is closed under complement since the measure was finite. I claim it is also closed under countable unions: if each $A_n$ is approximable by $B_n$ to within $r/2^n$, then $\cup_n A_n$ is approximated by $\cup_n B_n$ to within $r$, and so one may find an approximating finite union. So $S_2$ is actually a $\sigma$-algebra, and since it contains $S_0$, it follows that $S_2=S$. That is, every set in $S$ is approximable by sets in $S_1$, and so $S_1$ is a countable dense set in the semi-metric, as desired.

Let's turn now to the reverse implication, which is not generally true. The easiest counterexample for this in the strict sense of the question is to let $X$ be a set of size continuum and $S=P(X)$, the full power set of $X$. This is a $\sigma$-algebra, but it is easily seen not to be countably generated on cardinality grounds. Fix any $p\in X$ and let $\mu$ be the measure placing mass $1$ at $p$ and 0 mass outside {p}. In this case, the family {emptyset, X} is dense in the semi-metric, since every subset is essentially empty or all of $X$, depending on whether it contains $p$. So the semi-metric is separable, but the $\sigma$-algebra is not countably generated.

Note that in this counterexample, the $\sigma$ algebra is obtained from the counting measure on {p} by adding a large cardinality set of measure $0$ and taking the completion. Similar counterexamples can be obtained by adding such large cardinality set of measure $0$ to any space and taking the completion.

At first, I thought incorrectly that one could address the issue by considering the completion of the measure, and showing that the $\sigma$-algebra would be contained within the completion of a countably generated $\sigma$-algebra. But I now realize that this is incorrect, and I can provide a counterexample even to this form of the equivalence.

To see this, consider the filter  $F$ of all sets $A\subset \omega_1$ that contain a closed unbounded set of countable ordinals. This is known as the  club filter, and it is closed under countable intersection. The corresponding ideal $NS$ consists of the  non-stationary sets, those that omit a club, and these are closed under countable union. It follows that the collection $S=F\cup NS$, which are the sets measured by a club set, forms a  $\sigma$-algebra. The natural measure  $\mu$ on $S$ gives every set in $F$ measure $1$ and every set in $NS$ measure  $0$. This is a countably additive 2-valued measure on $S$. Note that every set in $S$ has measure $0$ or $1$; in particular, there are no disjoint positive measure sets. It follows that the family  {emptyset,$\omega_1$} is dense in the semi-metric, since every set in $S$ either contains or omits a club set, and hence either agrees with emptyset or with the whole set on a club. Thus, the semi-metric is separable. But for any countable subfamily $S_0\subset S$, we may intersect the clubs used to decide the members of  $S_0$, and find a single club set $C\subset\omega_1$ that decides every member of $S_0$, in the sense that every member of $S_0$ either contains or omits $C$. This feature is preserved under complements, countable unions and intersections, and therefore $C$ decides every member of the $\sigma$-algebra generated by  $S_0$. The completion of the measure on the  $\sigma$-algebra generated by $S_0$ is therefore contained within the principal filter generated by $C$ together with its dual ideal. This is not all of  $S$, since there are club sets properly contained within  $C$, such as the set of limit points of $C$. Thus, this is a measure space that has a separable semi-metric, but the  $\sigma$-algebra is not contained in the completion of any countably generated $\sigma$-algebra.

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Joel David Hamkins
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The two notions are not equivalent. Indeed, they are not equivalent even when one considers completing the measure by adding all null sets with respect to any countably generated $\sigma$-algebra.

The easiest counterexample for the strict question asked is to let $X$ be an uncountable set and $S=P(X)$, the full power set of $X$. This is a $\sigma$-algebra, but it is easily seen not to be countably generated. Fix any $p\in X$ and let $\mu$ be the measure placing mass $1$ at $p$ and 0 mass outside {p}. In this case, the family {emptyset, X} is dense in the semi-metric, since every subset is essentially empty or all of $X$, depending on whether it contains $p$. So the semi-metric is separable, but the $\sigma$-algebra is not countably generated.

Note that in this counterexample, the $\sigma$ algebra is obtained from the counting measure on {p} by adding an uncountable set of measure $0$ and taking the completion. Similar counterexamples can be obtained by adding an uncountable set of measure $0$ to any space and taking the completion.

At first, I thought incorrectly that one could address the issue by considering the completion of the measure, and showing that the $\sigma$-algebra would be contained within the completion of a countably generated $\sigma$-algebra. But I now realize that this is incorrect, and I can provide a counterexample even to this form of the equivalence.

To see this, consider the filter $F$ of all sets $A\subset \omega_1$ that contain a closed unbounded set of countable ordinals. This is known as the club filter, and it is closed under countable intersection. The corresponding ideal $NS$ consists of the non-stationary sets, those that omit a club, and these are closed under countable union. It follows that the collection $S=F\cup NS$, which are the sets measured by a club set, forms a $\sigma$-algebra. The natural measure $\mu$ on $S$ gives every set in $F$ measure $1$ and every set in $NS$ measure $0$. This is a countably additive 2-valued measure on $S$. Note that every set in $S$ has measure $0$ or $1$; in particular, there are no disjoint positive measure sets. It follows that the family {emptyset,$\omega_1$} is dense in the semi-metric, since every set in $S$ either contains or omits a club set, and hence either agrees with emptyset or with the whole set on a club. Thus, the semi-metric is separable. But for any countable subfamily $S_0\subset S$, we may intersect the clubs used to decide the members of $S_0$, and find a single club set $C\subset\omega_1$ that decides every member of $S_0$, in the sense that every member of $S_0$ either contains or omits $C$. This feature is preserved under complements, countable unions and intersections, and therefore $C$ decides every member of the $\sigma$-algebra generated by $S_0$. The completion of the measure on the $\sigma$-algebra generated by $S_0$ is therefore contained within the principal filter generated by $C$ together with its dual ideal. This is not all of $S$, since there are club sets properly contained within $C$, such as the set of limit points of $C$. Thus, this is a measure space that has a separable semi-metric, but the $\sigma$-algebra is not contained in the completion of any countably generated $\sigma$-algebra.

The two notions are not equivalent. Indeed, they are not equivalent even when one considers completing the measure by adding all null sets with respect to any countably generated $\sigma$-algebra.

The easiest counterexample for the strict question asked is to let $X$ be an uncountable set and $S=P(X)$, the full power set of $X$. This is a $\sigma$-algebra, but it is easily seen not to be countably generated. Fix any $p\in X$ and let $\mu$ be the measure placing mass $1$ at $p$ and 0 mass outside {p}. In this case, the family {emptyset, X} is dense in the semi-metric, since every subset is essentially empty or all of $X$, depending on whether it contains $p$. So the semi-metric is separable, but the $\sigma$-algebra is not countably generated.

Note that in this counterexample, the $\sigma$ algebra is obtained from the counting measure on {p} by adding an uncountable set of measure $0$ and taking the completion. Similar counterexamples can be obtained by adding an uncountable set of measure $0$ to any space and taking the completion.

At first, I thought incorrectly that one could address the issue by considering the completion of the measure, and showing that the $\sigma$-algebra would be contained within a countably generated $\sigma$-algebra. But I now realize that this is incorrect, and I can provide a counterexample even to this form of the equivalence.

To see this, consider the filter $F$ of all sets $A\subset \omega_1$ that contain a closed unbounded set of countable ordinals. This is known as the club filter, and it is closed under countable intersection. The corresponding ideal $NS$ consists of the non-stationary sets, those that omit a club, and these are closed under countable union. It follows that the collection $S=F\cup NS$, which are the sets measured by a club set, forms a $\sigma$-algebra. The natural measure $\mu$ on $S$ gives every set in $F$ measure $1$ and every set in $NS$ measure $0$. This is a countably additive 2-valued measure on $S$. Note that every set in $S$ has measure $0$ or $1$; in particular, there are no disjoint positive measure sets. It follows that the family {emptyset,$\omega_1$} is dense in the semi-metric, since every set in $S$ either contains or omits a club set, and hence either agrees with emptyset or with the whole set on a club. Thus, the semi-metric is separable. But for any countable subfamily $S_0\subset S$, we may intersect the clubs used to decide the members of $S_0$, and find a single club set $C\subset\omega_1$ that decides every member of $S_0$, in the sense that every member of $S_0$ either contains or omits $C$. This feature is preserved under complements, countable unions and intersections, and therefore $C$ decides every member of the $\sigma$-algebra generated by $S_0$. The completion of the measure on the $\sigma$-algebra generated by $S_0$ is therefore contained within the principal filter generated by $C$ together with its dual ideal. This is not all of $S$, since there are club sets properly contained within $C$, such as the set of limit points of $C$. Thus, this is a measure space that has a separable semi-metric, but the $\sigma$-algebra is not contained in the completion of any countably generated $\sigma$-algebra.

The two notions are not equivalent. Indeed, they are not equivalent even when one considers completing the measure by adding all null sets with respect to any countably generated $\sigma$-algebra.

The easiest counterexample for the strict question asked is to let $X$ be an uncountable set and $S=P(X)$, the full power set of $X$. This is a $\sigma$-algebra, but it is easily seen not to be countably generated. Fix any $p\in X$ and let $\mu$ be the measure placing mass $1$ at $p$ and 0 mass outside {p}. In this case, the family {emptyset, X} is dense in the semi-metric, since every subset is essentially empty or all of $X$, depending on whether it contains $p$. So the semi-metric is separable, but the $\sigma$-algebra is not countably generated.

Note that in this counterexample, the $\sigma$ algebra is obtained from the counting measure on {p} by adding an uncountable set of measure $0$ and taking the completion. Similar counterexamples can be obtained by adding an uncountable set of measure $0$ to any space and taking the completion.

At first, I thought incorrectly that one could address the issue by considering the completion of the measure, and showing that the $\sigma$-algebra would be contained within the completion of a countably generated $\sigma$-algebra. But I now realize that this is incorrect, and I can provide a counterexample even to this form of the equivalence.

To see this, consider the filter $F$ of all sets $A\subset \omega_1$ that contain a closed unbounded set of countable ordinals. This is known as the club filter, and it is closed under countable intersection. The corresponding ideal $NS$ consists of the non-stationary sets, those that omit a club, and these are closed under countable union. It follows that the collection $S=F\cup NS$, which are the sets measured by a club set, forms a $\sigma$-algebra. The natural measure $\mu$ on $S$ gives every set in $F$ measure $1$ and every set in $NS$ measure $0$. This is a countably additive 2-valued measure on $S$. Note that every set in $S$ has measure $0$ or $1$; in particular, there are no disjoint positive measure sets. It follows that the family {emptyset,$\omega_1$} is dense in the semi-metric, since every set in $S$ either contains or omits a club set, and hence either agrees with emptyset or with the whole set on a club. Thus, the semi-metric is separable. But for any countable subfamily $S_0\subset S$, we may intersect the clubs used to decide the members of $S_0$, and find a single club set $C\subset\omega_1$ that decides every member of $S_0$, in the sense that every member of $S_0$ either contains or omits $C$. This feature is preserved under complements, countable unions and intersections, and therefore $C$ decides every member of the $\sigma$-algebra generated by $S_0$. The completion of the measure on the $\sigma$-algebra generated by $S_0$ is therefore contained within the principal filter generated by $C$ together with its dual ideal. This is not all of $S$, since there are club sets properly contained within $C$, such as the set of limit points of $C$. Thus, this is a measure space that has a separable semi-metric, but the $\sigma$-algebra is not contained in the completion of any countably generated $\sigma$-algebra.

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Joel David Hamkins
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The two notions are not equivalent in the generality that is stated, but one gets an equivalence by making a slight change. The change is that rather than saying that the $\sigma$-algebra is countably generatedIndeed, what you get will be that it is contained withinthey are not equivalent even when one considers completing the completion of ameasure by adding all null sets with respect to any countably generated $\sigma$-algebra.

Note that the second definition you cite is only defined when there is also a measure $\mu$ on the $\sigma$-algebra, and the distance between two sets in the $\sigma$-algebra is defined to be the measure of their symmetric difference $d(A,B)=\mu(A\triangle B)$.

For aThe easiest counterexample tofor the strict interpretation of yourstrict question, asked is to let $X$ be anyan uncountable set and $S$$S=P(X)$, the full full power set of $X$. This is not countably generated as a $\sigma$-algebra, but it is easily seen not to be countably generated. But fixFix any $p\in X$$p\in X$ and let $\mu$ be the measure placing mass $1$ at $p$, with no measure and 0 mass outside of {p}. In this case, the family {emptyset, {p}X} is is dense in yourthe semi-metric, since every subset is essentially essentially empty or all of {p}$X$, depending on whether it contains $p$. So the semi-metric is separable, but the    $\sigma$-algebra is not countably generated. QED

Note that in this counterexample, the (More interesting examples can easily be constructed without point masses using$\sigma$ algebra is obtained from the same idea: addcounting measure on {p} by adding an uncountable uncountable set of measure $0$ and usetaking the completion. Similar counterexamples can be obtained by adding an uncountable set of themeasure $\sigma$-algebra$0$ to any space and taking the completion.)

For the positive resultAt first, noteI thought incorrectly that one could address the counterexample $\sigma$ algebra wasissue by considering the completion of the finite Boolean algebra generated by {p}. So you should really be speaking ofmeasure, and showing that the $\sigma$-algebra being (contained in) the completion ofwould be contained within a countably generated $\sigma$-algebra. And withBut I now realize that this version of the questionis incorrect, you getand I can provide a counterexample even to this form of the desired equivalence.

To prove the desired equivalencesee this, suppose that a (finite) measure is defined on a $\sigma$-algebraconsider the filter $F$ of all sets $S$$A\subset \omega_1$ that is generated bycontain a closed unbounded set of countable subfamily $A_0$ordinals. This is known as the club filter, and it is closed under countable intersection. The corresponding ideal $A_1$$NS$ consists of the non-stationary sets, $A_2$those that omit a club, and so onthese are closed under countable union. Every setIt follows that the collection $A\in S$ is obtained$S=F\cup NS$, which are the sets measured by a union of the form $A=\bigcup_{n\in I} \pm A_n$ club set, whereforms a $+A=A$ and$\sigma$-algebra. The natural measure $\mu$ on $-A$ is the complement of$S$ gives every set in $A$$F$ measure $1$ and every set in $I$$NS$ measure $0$. This is any set of natural numbersa countably additive 2-valued measure on $S$. LetNote that every set in $B_k=\bigcup_{n\in I, n\lt k} \pm A_n$ be the finite approximations$S$ has measure $0$ or $1$; in particular, sothere are no disjoint positive measure sets. It follows that $A=\bigcup_k B_{k+1}-B_k$the family {emptyset, which$\omega_1$} is dense in the semi-metric, since every set in $S$ either contains or omits a disjoint unionclub set, and hence either agrees with emptyset or with the whole set on a club. Thus, the measure ofsemi-metric is separable. But for any countable subfamily $B_{k+1}-B_k$ must tend$S_0\subset S$, we may intersect the clubs used to decide the members of $0$$S_0$, and so we can find some $B_k$ as close toa single club set $A$ as desired. Thus, the finite Boolean combinations$C\subset\omega_1$ that decides every member of the $A_n$ are dense in your semi-metric space.

Conversely$S_0$, supposein the sense that some countable familyevery member of $S_0$ is dense in your semi-metric spaceeither contains or omits $C$. LetThis feature is preserved under complements, countable unions and intersections, and therefore $S$ be$C$ decides every member of the $\sigma$-algebra generated by these sets $S_0$. For anyThe completion of the measure on the $\sigma$-algebra generated by $A\in S$, we may find$S_0$ is therefore contained within the principal filter generated by $A_n\subset A$$C$ together with $A_n\in S_0$ and $d(A,A_n)\lt \frac1n$ its dual ideal. Thus, $\bigcup_n A_n$This is innot all of $S$, and differs fromsince there are club sets properly contained within $A$ on a$C$, such as the set of measure limit points of $0$$C$. SoThus, this is a measure space that has a separable semi-metric, but the $A$$\sigma$-algebra is not contained in the the completion of any countably generated $S$, as desired$\sigma$-algebra.

The two notions are not equivalent in the generality that is stated, but one gets an equivalence by making a slight change. The change is that rather than saying that the $\sigma$-algebra is countably generated, what you get will be that it is contained within the completion of a countably generated $\sigma$-algebra.

Note that the second definition you cite is only defined when there is also a measure $\mu$ on the $\sigma$-algebra, and the distance between two sets in the $\sigma$-algebra is defined to be the measure of their symmetric difference $d(A,B)=\mu(A\triangle B)$.

For a counterexample to the strict interpretation of your question, let $X$ be any uncountable set and $S$ the full power set of $X$. This is not countably generated as a $\sigma$-algebra. But fix any $p\in X$ and let $\mu$ be the measure placing mass $1$ at $p$, with no measure outside of {p}. In this case, the family {emptyset, {p}} is dense in your semi-metric, since every subset is essentially empty or {p}. So the semi-metric is separable, but the  $\sigma$-algebra is not countably generated. QED (More interesting examples can easily be constructed without point masses using the same idea: add an uncountable set of measure $0$ and use the completion of the $\sigma$-algebra.)

For the positive result, note that the counterexample $\sigma$ algebra was the completion of the finite Boolean algebra generated by {p}. So you should really be speaking of the $\sigma$-algebra being (contained in) the completion of a countably generated $\sigma$-algebra. And with this version of the question, you get the desired equivalence.

To prove the desired equivalence, suppose that a (finite) measure is defined on a $\sigma$-algebra $S$ that is generated by a countable subfamily $A_0$, $A_1$, $A_2$, and so on. Every set $A\in S$ is obtained by a union of the form $A=\bigcup_{n\in I} \pm A_n$, where $+A=A$ and $-A$ is the complement of $A$ and $I$ is any set of natural numbers. Let $B_k=\bigcup_{n\in I, n\lt k} \pm A_n$ be the finite approximations, so that $A=\bigcup_k B_{k+1}-B_k$, which is a disjoint union. Thus, the measure of $B_{k+1}-B_k$ must tend to $0$, and so we can find some $B_k$ as close to $A$ as desired. Thus, the finite Boolean combinations of the $A_n$ are dense in your semi-metric space.

Conversely, suppose that some countable family $S_0$ is dense in your semi-metric space. Let $S$ be the $\sigma$-algebra generated by these sets. For any $A\in S$, we may find $A_n\subset A$ with $A_n\in S_0$ and $d(A,A_n)\lt \frac1n$. Thus, $\bigcup_n A_n$ is in $S$, and differs from $A$ on a set of measure $0$. So $A$ is in the completion of $S$, as desired.

The two notions are not equivalent. Indeed, they are not equivalent even when one considers completing the measure by adding all null sets with respect to any countably generated $\sigma$-algebra.

The easiest counterexample for the strict question asked is to let $X$ be an uncountable set and $S=P(X)$, the full power set of $X$. This is a $\sigma$-algebra, but it is easily seen not to be countably generated. Fix any $p\in X$ and let $\mu$ be the measure placing mass $1$ at $p$ and 0 mass outside {p}. In this case, the family {emptyset, X} is dense in the semi-metric, since every subset is essentially empty or all of $X$, depending on whether it contains $p$. So the semi-metric is separable, but the  $\sigma$-algebra is not countably generated.

Note that in this counterexample, the $\sigma$ algebra is obtained from the counting measure on {p} by adding an uncountable set of measure $0$ and taking the completion. Similar counterexamples can be obtained by adding an uncountable set of measure $0$ to any space and taking the completion.

At first, I thought incorrectly that one could address the issue by considering the completion of the measure, and showing that the $\sigma$-algebra would be contained within a countably generated $\sigma$-algebra. But I now realize that this is incorrect, and I can provide a counterexample even to this form of the equivalence.

To see this, consider the filter $F$ of all sets $A\subset \omega_1$ that contain a closed unbounded set of countable ordinals. This is known as the club filter, and it is closed under countable intersection. The corresponding ideal $NS$ consists of the non-stationary sets, those that omit a club, and these are closed under countable union. It follows that the collection $S=F\cup NS$, which are the sets measured by a club set, forms a $\sigma$-algebra. The natural measure $\mu$ on $S$ gives every set in $F$ measure $1$ and every set in $NS$ measure $0$. This is a countably additive 2-valued measure on $S$. Note that every set in $S$ has measure $0$ or $1$; in particular, there are no disjoint positive measure sets. It follows that the family {emptyset,$\omega_1$} is dense in the semi-metric, since every set in $S$ either contains or omits a club set, and hence either agrees with emptyset or with the whole set on a club. Thus, the semi-metric is separable. But for any countable subfamily $S_0\subset S$, we may intersect the clubs used to decide the members of $S_0$, and find a single club set $C\subset\omega_1$ that decides every member of $S_0$, in the sense that every member of $S_0$ either contains or omits $C$. This feature is preserved under complements, countable unions and intersections, and therefore $C$ decides every member of the $\sigma$-algebra generated by $S_0$. The completion of the measure on the $\sigma$-algebra generated by $S_0$ is therefore contained within the principal filter generated by $C$ together with its dual ideal. This is not all of $S$, since there are club sets properly contained within $C$, such as the set of limit points of $C$. Thus, this is a measure space that has a separable semi-metric, but the $\sigma$-algebra is not contained in the completion of any countably generated $\sigma$-algebra.

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Joel David Hamkins
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Joel David Hamkins
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Joel David Hamkins
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