Let cc(Rn) denote the hyperspace of all nonempty compact convex subsets of the Euclidean space Rn endowed with the Hausdorff metric, and let cc(Bn)={A∈cc(Rn)|A⊂Bn}, where Bn is the closed unit ball of Rn. Let cb(Rn) be the subset of cc(Rn) consisting of all convex bodies, i.e., of sets A∈cc(Rn) with non-empty interior. In this survey article we reveal fundamental properties of the natural action Aff(n)↷cb(Rn) of the affine group that leads to structure results for cb(Rn) and for several important subsets of it. Orbit spaces of cb(Rn) and its subsets by some appropriate subgroups G<Aff(n) are homeomorphic to such important objects like the Hilbert cube or the Banach-Mazur compacta. Among other hyperspaces studied here are cw(Rn) - the hyperspace of convex bodies of constant width, Bp - the hyperspace of convex bodies with smooth boundary of positive Gaussian curvature, L(n) - the hyperspace of convex bodies for which the Euclidean unit ball is the Löwner ellipsoid, cˇ(n) - the hyperspace of convex sets for which the Euclidean unit ball is the Chebyshev ball, etc. The paper contains also several new results concerning equivariant extension properties of the hyperspaces in question, as well as the homeomorphism type of the hyperspace cb(Bn)=cb(Rn)∩cc(Bn) and its orbit spaces. Equivariant extension properties of these hyperspaces are applied to provide a very short proof of the classical Grünbaum Conjecture from Convex Geometry. Along the paper seventeen open problems are raised.
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