Interacting Stochastic Process and Renormalization Theory

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Abstract: A stochastic process with self-interaction as a model of quantum field theory is studied. We consider an Ornstein-Uhlenbeck stochastic process x(t) with interaction of the form x^{(alpha)}(t)^4, where alpha indicates the fractional derivative. Using Bogoliubov's R-operation we investigate ultraviolet divergencies for the various parameters alpha. Ultraviolet properties of this one-dimensional model in the case alpha=3/4 are similar to those in the phi44 theory but there are extra counterterms. It is shown that the model is two-loops renormalizable. For 5/8leqalpha<3/4 the model has a finite number of divergent Feynman diagrams. In the case alpha=2/3 the model is similar to the phi34 theory. If 0leqalpha<5/8 then the model does not have ultraviolet divergencies at all. Finally if alpha>3/4 then the model is nonrenormalizable. This model can be used for a non-perturbative study of ultraviolet divergencies in quantum field theory and also in theory of phase transitions.














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