arXiv subjects

Martin Schaden

Publications and source records attributed to Martin Schaden.

At least 37 records · Page 2Linked to original sources

arXiv2005

Confinement at Weak Coupling

The free energy of U(N) and SU(N) gauge theory was recently found to be of order N^0 to all orders of a perturbative expansion about a center-symmetric orbit of vanishing curvature. Here I consider extended models for which this expansion is perturbatively stable. The extreme case of an SU(2) gauge theory whose configuration space is restricted to center-symmetric orbits has recently been investigated on the lattice hep-lat/0509156. In extension of my talk, a discussion and possible interpretation of the observed finite temperature phase transition is given. The transfer matrix of constrained SU(N) lattice gauge theory is constructed for any finite temperature.

hep-th↗

arXiv2005

Comments on the Sign and Other Aspects of Semiclassical Casimir Energies

The Casimir energy of a massless scalar field is semiclassically given by contributions due to classical periodic rays. The required subtractions in the spectral density are determined explicitly. The so defined semiclassical Casimir energy coincides with that obtained using zeta function regularization in the cases studied. Poles in the analytic continuation of zeta function regularization are related to non-universal subtractions in the spectral density. The sign of the Casimir energy of a scalar field on a smooth manifold is estimated by the sign of the contribution due to the shortest periodic rays only. Demanding continuity of the Casimir energy under small deformations of the manifold, the method is extended to integrable systems. The Casimir energy of a massless scalar field on a manifold with boundaries includes contributions due to periodic rays that lie entirely within the boundaries. These contributions in general depend on the boundary conditions. Although the Casimir energy due to a massless scalar field may be sensitive to the physical dimensions of manifolds with boundary, its sign can in favorable cases be inferred without explicit calculation of the Casimir energy.

hep-th↗

arXiv2004

A Center-Symmetric 1/N Expansion

The free energy of U(N) gauge theory is expanded about a center-symmetric topological background configuration with vanishing action and vanishing Polyakov loops. We construct this background for SU(N) lattice gauge theory and show that it uniquely describes center-symmetric minimal action orbits in the limit of infinite lattice volume. The leading contribution to the free energy in the 1/N expansion about this background is of O(N^0) rather than O(N^2) as one finds when the center symmetry is spontaneously broken. The contribution of planar 't Hooft diagrams to the free energy is O(1/N^2) and sub-leading in this case. The change in behavior of the diagrammatic expansion is traced to Linde's observation that the usual perturbation series of non-Abelian gauge theories suffers from severe infrared divergences. This infrared problem does not arise in a center-symmetric expansion. The 't Hooft coupling λ=g^2 N is found to decrease proportional to 1/\ln(N) for large N. There is evidence of a vector-ghost in the planar truncation of the model.

hep-th↗

arXiv2003

A Quantum Approach to Stock Price Fluctuations

A simple quantum model explains the Levy-unstable distributions for individual stock returns observed by ref.[1]. The probability density function of the returns is written as the squared modulus of an amplitude. For short time intervals this amplitude is proportional to a Cauchy-distribution and satisfies the Schroedinger equation with a non-hermitian Hamiltonian. The observed power law tails of the return fluctuations imply that the "decay rate", $γ(q)$ asymptotically is proportional to $|q|$, for large $|q|$. The wave number, the Fourier-conjugate variable to the return, is interpreted as a quantitative measure of "market sentiment". On a time scale of less than a few weeks, the distribution of returns in this quantum model is shape stable and scales. The model quantitatively reproduces the observed cumulative distribution for the short-term normalized returns over 7 orders of magnitude without adjustable parameters. The return fluctuations over large time periods ultimately become Gaussian if $γ(q\sim 0)\propto q^2$. The ansatz $γ(q)=b_T\sqrt{m^2+q^2}$ is found to describe the positive part of the observed historic probability of normalized returns for time periods between T=5 min and $T\sim 4$ years over more than 4 orders of magnitude in terms of one adjustable parameter $s_T=m b_T\propto T$. The Sharpe ratio of a stock in this model has a finite limit as the investment horizon $T\to 0$. Implications for short-term investments are discussed.

physics.soc-ph↗

arXiv2003

Diffraction in the Semiclassical Approximation to Feynman's Path Integral Representation of the Green Function

We derive the semiclassical approximation to Feynman's path integral representation of the energy Green function of a massless particle in the shadow region of an ideal obstacle in a medium. The wavelength of the particle is assumed to be comparable to or smaller than any relevant length of the problem. Classical paths with extremal length partially creep along the obstacle and their fluctuations are subject to non-holonomic constraints. If the medium is a vacuum, the asymptotic contribution from a single classical path of overall length L to the energy Green function at energy E is that of a non-relativistic particle of mass E/c^2 moving in the two-dimensional space orthogonal to the classical path for a time τ=L/c. Dirichlet boundary conditions at the surface of the obstacle constrain the motion of the particle to the exterior half-space and result in an effective time-dependent but spatially constant force that is inversely proportional to the radius of curvature of the classical path. We relate the diffractive, classically forbidden motion in the "creeping" case to the classically allowed motion in the "whispering gallery" case by analytic continuation in the curvature of the classical path. The non-holonomic constraint implies that the surface of the obstacle becomes a zero-dimensional caustic of the particle's motion. We solve this problem for extremal rays with piecewise constant curvature and provide uniform asymptotic expressions that are approximately valid in the penumbra as well as in the deep shadow of a sphere.

cond-mat↗

arXiv2002

Pricing European Options in Realistic Markets

We investigate the relation between the fair price for European-style vanilla options and the distribution of short-term returns on the underlying asset ignoring transaction and other costs. We compute the risk-neutral probability density conditional on the total variance of the asset's returns when the option expires. If the asset's future price has finite expectation, the option's fair value satisfies a parabolic partial differential equation of the Black-Scholes type in which the variance of the asset's returns rather than a trading time is the evolution parameter. By immunizing the portfolio against large-scale price fluctuations of the asset, the valuation of options is extended to the realistic case\cite{St99} of assets whose short-term returns have finite variance but very large, or even infinite, higher moments. A dynamic Delta-hedged portfolio that is statically insured against exceptionally large fluctuations includes at least two different options on the asset. The fair value of an option in this case is determined by a universal drift function that is common to all options on the asset. This drift is interpreted as the premium for an investment exposed to risk due to exceptionally large variations of the asset's price. It affects the option valuation like an effective cost-of-carry for the underlying in the Black-Scholes world would. The derived pricing formula for options in realistic markets is arbitrage free by construction. A simple model with constant drift qualitatively reproduces the often observed volatility -skew and -term structure.

physics.soc-ph↗

arXiv2002

Quantum Finance

Quantum theory is used to model secondary financial markets. Contrary to stochastic descriptions, the formalism emphasizes the importance of trading in determining the value of a security. All possible realizations of investors holding securities and cash is taken as the basis of the Hilbert space of market states. The temporal evolution of an isolated market is unitary in this space. Linear operators representing basic financial transactions such as cash transfer and the buying or selling of securities are constructed and simple model Hamiltonians that generate the temporal evolution due to cash flows and the trading of securities are proposed. The Hamiltonian describing financial transactions becomes local when the profit/loss from trading is small compared to the turnover. This approximation may describe a highly liquid and efficient stock market. The lognormal probability distribution for the price of a stock with a variance that is proportional to the elapsed time is reproduced for an equilibrium market. The asymptotic volatility of a stock in this case is related to the long-term probability that it is traded.

physics.soc-ph↗

arXiv2001

Mass Generation, Ghost Condensation and Broken Symmetry: SU(2) in Covariant Abelian Gauges

The local action of an SU(2) gauge theory in general covariant Abelian gauges and the associated equivariant BRST symmetry that guarantees the perturbative renormalizability of the model are given. A global SL(2,R) symmetry of the model is spontaneously broken by ghost-antighost condensation at arbitrarily small coupling. This leads to propagators that are finite at Euclidean momenta for all elementary fields except the Abelian ``photon''. Ward Identities show that the symmetry breaking gives rise to massless BRST-quartets with ghost numbers (1,2,-2,-1) and (0,1,-1,0). The latter quartet is interpreted as due to an Abelian Higgs mechanism in the dual description of the model.

hep-th↗

arXiv2000

Semiclassical Casimir Energies at Finite Temperature

We study the dependence on the temperature T of Casimir effects for a range of systems, and in particular for a pair of ideal parallel conducting plates, separated by a vacuum. We study the Helmholtz free energy, combining Matsubara's formalism, in which the temperature appears as a periodic Euclidean fourth dimension of circumference 1/T, with the semiclassical periodic orbital approximation of Gutzwiller. By inspecting the known results for the Casimir energy at T=0 for a rectangular parallelepiped, one is led to guess at the expression for the free energy of two ideal parallel conductors without performing any calculation. The result is a new form for the free energy in terms of the lengths of periodic classical paths on a two-dimensional cylinder section. This expression for the free energy is equivalent to others that have been obtained in the literature. Slightly extending the domain of applicability of Gutzwiller's semiclassical periodic orbit approach, we evaluate the free energy at T>0 in terms of periodic classical paths in a four-dimensional cavity that is the tensor product of the original cavity and a circle. The validity of this approach is at present restricted to particular systems. We also discuss the origin of the classical form of the free energy at high temperatures.

quant-ph↗

arXiv2000

SU(2) Gauge Theory in Covariant (Maximal) Abelian Gauges

The local covariant continuum action of an SU(2) gauge theory in covariant Abelian gauges is investigated. It describes the critical limit of an Abelian Lattice Gauge Theory (LGT) with an equivariant BRST-symmetry. This Abelian LGT has previously been proven to be physically equivalent to the SU(2)-LGT. Renormalizability requires a quartic ghost interaction in these nonlinear gauges (also in maximal Abelian gauge). Arguments that a certain global SL(2,R) symmetry is dynamically broken by ghost-antighost condensation in a BCS-like mechanism are presented. The scenario can be viewed as a dynamical Higgs mechanism in the adjoint that gives massive off-diagonal gluons and a BRST quartet of Goldstone bosonsthat decouples from physical observables. The gap parameter is related to the expectation value of the trace anomaly and the consistency of this scenario with the Operator Product Expansion is discussed.

hep-th↗

arXiv2000

Mass Generation in Continuum SU(2) Gauge Theory in Covariant Abelian Gauges

The local action of an SU(2) gauge theory in general covariant Abelian gauges and the associated equivariant BRST symmetry that guarantees the perturbative renormalizability of the model are given. I show that a global SL(2,R) symmetry of the model is spontaneously broken by ghost-antighost condensation at arbitrarily small coupling and leads to propagators that are finite at Euclidean momenta for all elementary fields except the Abelian ``photon''. The Goldstone states form a BRST-quartet. The mechanism eliminates the non-abelian infrared divergences in the perturbative high-temperature expansion of the free energy.

hep-th↗

arXiv1998

Quantization in the Presence of Gribov Ambiguities

The non-perturbative validity of covariant BRST-quantization of gauge theories on compact Euclidean space-time manifolds is reviewed. BRST-quantization is related to the construction of a Topological Quantum Field Theory (TQFT) of Witten type on the gauge group. The criterion for the non-perturbative validity of the quantization is that the partition function of the corresponding TQFT does not vanish and that its (equivariant) BRST-algebra is free of anomalies. I sketch the construction of a TQFT whose partition function is proportional to the generalized Euler-characteristic of the coset space $SU(n)_{gauge}/SU(n)_{global}$ with an associated equivariant BRST-algebra that manifestly preserves translational symmetry. Some non-perturbative consequences of this approach are discussed.

hep-th↗

arXiv1998

Equivariant Gauge Fixing of SU(2) Lattice Gauge Theory

I construct a Lattice Gauge Theory (LGT) with discrete Z_2 structure group and an equivariant BRST symmetry that is physically equivalent to the standard SU(2)-LGT. The measure of this Z_2-LGT is invariant under all the discrete symmetries of the lattice and its partition function does not vanish. The Topological Lattice Theories (TLT) that localize on the moduli spaces are explicitly constructed and their BRST symmetry is exhibited. The ghosts of the Z_2-invariant local LGT are integrated in favor of a nonlocal bosonic measure. In addition to the SU(2) link variables and the coupling g^2, this effective bosonic measure also depends on an auxiliary gauge invariant site variable of canonical dimension two and on a gauge parameter α. The relation between the expectation value of the auxiliary field, the gauge parameter αand the lattice spacing $a$ is obtained to lowest order in the loop expansion. In four dimensions and the critical limit this expectation value is a physical scale proportional to Λ_L in the gauge α=g^2 (11-n_f)/24+ O(g^4). Implications for the loop expansion of observables in such a critical gauge are discussed.

hep-lat↗

arXiv1998

The Vacuum Energy Density of QCD with n_f=3 Quark Flavors

An equivariant BRST-construction is used to define the continuum SU(3) gauge theory on a finite torus. I corroborate previous results using renormalization group techniques by explicitly computing the measure on the moduli-space of the model with 3 quark flavors to two loops. I find that the correction to the maximum of the one-loop effective action is indeed of order $g^2$ in the critical covariant gauge. The leading logarithmic corrections from higher loops are also shown to be suppressed by at least one order of $g^2$. I therefore am able to relate the expectation value of the moduli to the asymptotic scale parameter of the modified minimal subtraction scheme. An immediate consequence is the determination of the non-perturbative proportionality constant in the relation between the vacuum expectation value of the trace of the energy momentum tensor and $Λ_{QCD}$ for the modified minimal subtraction scheme with three quark flavors. The result compares favorably with phenomenological estimates of the gluon condensate from QCD sumrules for the charmonium system and $Λ_{QCD}$ from $τ$-decay.

hep-th↗

arXiv1997

Confinement in Covariant Gauges

We examine the weak coupling limit of Euclidean SU(n) gauge theory in covariant gauges. Following an earlier suggestion, an equivariant BRST-construction is used to define the continuum theory on a finite torus. The equivariant gauge fixing introduces constant ghost fields as moduli of the model. We study the parameter- and moduli- space perturbatively. For $n_f \leq n$ quark flavors, the moduli flow to a non-trivial fixed point in certain critical covariant gauges and the one-loop effective potential indicates that the global SU(n) color symmetry of the gauge fixed model is spontaneously broken to $U(1)^{n-1}$. Ward identities and renormalization group arguments imply that the longitudinal gauge boson propagator at long range is dominated by $n(n-1)$ Goldstone bosons in these critical covariant gauges. In the large $n$ limit, we derive a nonlinear integral equation for the expectation value of large Wilson loops assuming that the exchange of Goldstone bosons dominates the interaction at long range in critical covariant gauges. We find numerically that the expectation value of large circular Wilson loops decreases exponentially with the enclosed area in the absence of dynamical fermions. The gauge invariance of this mechanism for confinement in critical covariant gauges is discussed.

hep-th↗

arXiv1996

Topological Aspects of Gauge Fixing Yang-Mills Theory on S4

For an $S_4$ space-time manifold global aspects of gauge-fixing are investigated using the relation to Topological Quantum Field Theory on the gauge group. The partition function of this TQFT is shown to compute the regularized Euler character of a suitably defined space of gauge transformations. Topological properties of the space of solutions to a covariant gauge conditon on the orbit of a particular instanton are found using the $SO(5)$ isometry group of the $S_4$ base manifold. We obtain that the Euler character of this space differs from that of an orbit in the topologically trivial sector. This result implies that an orbit with Pontryagin number $\k=\pm1$ in covariant gauges on $S_4$ contributes to physical correlation functions with a different multiplicity factor due to the Gribov copies, than an orbit in the trivial $\k=0$ sector. Similar topological arguments show that there is no contribution from the topologically trivial sector to physical correlation functions in gauges defined by a nondegenerate background connection. We discuss possible physical implications of the global gauge dependence of Yang-Mills theory.

hep-th↗

arXiv1996

Gauge Group TQFT and Improved Perturbative Yang-Mills Theory

We reinterpret the Faddeev-Popov gauge-fixing procedure of Yang-Mills theories as the definition of a topological quantum field theory for gauge group elements depending on a background connection. This has the advantage of relating topological gauge-fixing ambiguities to the global breaking of a supersymmetry. The global zero modes of the Faddeev-Popov ghosts are handled in the context of an equivariant cohomology without breaking translational invariance. The gauge-fixing involves constant fields which play the role of moduli and modify the behavior of Green functions at subasymptotic scales. At the one loop level physical implications from these power corrections are gauge invariant.

hep-th↗

arXiv1994

The heavy quark decomposition of the S-matrix and its relation to the pinch technique

We propose a decomposition of the S-matrix into individually gauge invariant sub-amplitudes, which are kinematically akin to propagators, vertices, boxes, etc. This decompsition is obtained by considering limits of the S-matrix when some or all of the external particles have masses larger than any other physical scale. We show at the one-loop level that the effective gluon self-energy so defined is physically equivalent to the corresponding gauge independent self-energy obtained in the framework of the pinch technique. The generalization of this procedure to arbitrary gluonic $n$-point functions is briefly discussed.

hep-th↗