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We show that the Adams operation Ψk, k in {−1,0,1,2,…}, in complex K–theory lifts
to an operation ˆ Ψk in smooth K–theory. If V → X is a K–oriented vector
bundle with Thom isomorphism ThomV , then there is a characteristic class
ρk(V ) in K[1 ∕ k]0(X) such that Ψk(ThomV (x)) = ThomV (ρk(V ) ∪ Ψk(x)) in
K[1 ∕ k](X) for all x in K(X). We lift this class to a K0(⋯)[1 ∕ k]–valued characteristic
class for real vector bundles with geometric Spinc–structures.
If π: E → B is a K–oriented proper submersion, then for all x in K(X) we have
Ψk(π!(x)) = π!(ρk(N) ∪ Ψk(x)) in K[1 ∕ k](B), where N → E is the stable K–oriented
normal bundle of π. To a smooth K–orientation oπ of π we associate a class
ρk(oπ) in K0(E)[1 ∕ k] refining ρk(N). Our main theorem states that if B is compact,
then Ψk(π!(x)) = π(ρk(oπ) ∪Ψk(x)) in K(B)[1 ∕ k] for all x in K(E). We apply this
result to the e–invariant of bundles of framed manifolds and ρ–invariants of flat
vector bundles.
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