Disordered system withn orbitals per site: 1/n expansion

Localization of Dirac Fermions in Finite-Temperature Gauge Theory

It is by now well established that Dirac fermions coupled to non-Abelian gauge theories can undergo an Anderson-type localization transition. This transition affects eigenmodes in the lowest part of the Dirac spectrum, the ones most relevant to the low-energy physics of these models. Here we review several aspects of this phenomenon, mostly using the tools of lattice gauge theory. In particular, we discuss how the transition is related to the finite-temperature transitions leading to the deconfinement of fermions, as well as to the restoration of chiral symmetry that is spontaneously broken at low temperature. Other topics we touch upon are the universality of the transition, and its connection to topological excitations (instantons) of the gauge field and the associated fermionic zero modes. While the main focus is on Quantum Chromodynamics, we also discuss how the localization transition appears in other related models with different fermionic contents (including the quenched approximation), gauge groups, and in different space-time dimensions. Finally, we offer some speculations about the physical relevance of the localization transition in these models.

Random matrix approach to cross correlations in financial data

We analyze cross correlations between price fluctuations of different stocks using methods of random matrix theory (RMT). Using two large databases, we calculate cross-correlation matrices C of returns constructed from (i) 30-min returns of 1000 US stocks for the 2-yr period 1994-1995, (ii) 30-min returns of 881 US stocks for the 2-yr period 1996-1997, and (iii) 1-day returns of 422 US stocks for the 35-yr period 1962-1996. We test the statistics of the eigenvalues lambda(i) of C against a "null hypothesis"--a random correlation matrix constructed from mutually uncorrelated time series. We find that a majority of the eigenvalues of C fall within the RMT bounds [lambda(-),lambda(+)] for the eigenvalues of random correlation matrices. We test the eigenvalues of C within the RMT bound for universal properties of random matrices and find good agreement with the results for the Gaussian orthogonal ensemble of random matrices-implying a large degree of randomness in the measured cross-correlation coefficients. Further, we find that the distribution of eigenvector components for the eigenvectors corresponding to the eigenvalues outside the RMT bound display systematic deviations from the RMT prediction. In addition, we find that these "deviating eigenvectors" are stable in time. We analyze the components of the deviating eigenvectors and find that the largest eigenvalue corresponds to an influence common to all stocks. Our analysis of the remaining deviating eigenvectors shows distinct groups, whose identities correspond to conventionally identified business sectors. Finally, we discuss applications to the construction of portfolios of stocks that have a stable ratio of risk to return.

Density of states of disordered two-dimensional crystals with half-filled band

A diagrammatic method is applied to study the effects of commensurability in two-dimensional disordered crystalline metals by using the particle-hole symmetry with respect to the nesting vector P0 = +/-pi / a,pi / a for a half-filled electronic band. The density of electronic states (DoS) is shown to have nontrivial quantum corrections due to both nesting and elastic impurity scattering processes, and as a result the Van Hove singularity is preserved in the center of the band. However, the energy dependence of the DoS is significantly changed. A small offset from the middle of the band gives rise to the disappearance of quantum corrections to the DoS.