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June 2, 2008

Classical String Theory and Categorified Symplectic Geometry

Posted by John Baez

As categorification sweeps the land, it hits some areas sooner than others. While it’s had a big impact on fancy forms of mathematical physics like ‘topological quantum field theory’, it hasn’t yet encroached quite so visibly on more basic subjects, like classical mechanics.

However, this is typical of mathematical ideas: they’re often discovered in fancy contexts, but when it becomes clear how simple they are, their realm of application spreads. I believe categorification can be applied to classical mechanics… and then it leads to higher-dimensional field theories, including classical string theory!

Chris Rogers, Alex Hoffnung and I are writing a paper on one aspect of this topic:

  • Chris Roger, Alex Hoffnung and John Baez, Categorified symplectic geometry and the classical string, draft version. For a more up-to-date version try this.

    Abstract: A Lie 2-algebra is a ‘categorified’ version of a Lie algebra: that is, a category equipped with structures similar to those of a Lie algebra, but where the usual laws hold only up to isomorphism. It is well known that given a manifold equipped with a symplectic 2-form, the Poisson bracket gives rise to a Lie algebra of observables. Multisymplectic geometry generalizes the classical mechanics of point particles to n-dimensional field theories, decribing such a theory in terms of a ‘phase space’ that is a manifold equipped with a closed nondegenerate (n+1 )-form. Here, given a manifold with a closed nondegenerate 3 -form, we construct a Lie 2-algebra of observables. We then describe how this Lie 2-algebra can be used to describe dynamics in classical bosonic string theory.

In fact, Chris just gave a series of 5 lectures on the subject, which you can see here…

Chris Rogers did physical chemistry before switching to math and coming to UCR, so he can think and calculate like a physicist — which comes in handy! His lectures make a nice introduction to our paper, since he was explaining the ideas to some of my other graduate students, which meant that he needed to explain things from scratch, not assuming vast prior knowledge. So, if you want to get started on Hamiltonian mechanics, symplectic and multisymplectic geometry, classical string theory and Lie 2-algebras, don’t be scared — here’s a place to start!

It’s amusing to note that the key idea behind categorified classical mechanics — boosting the symplectic 2-form to a multisymplectic 3-form — goes back to the work of DeDonder and Weyl in the 1930s. But only much later was it realized that 2-forms are to line bundles as 3-form are to gerbes! This makes the role of categorification more explicit. By showing that a manifold with a multisymplectic 3-form gives a Lie 2-algebra of observables, we’re making it so darn explicit that it can no longer be ignored!

Fans of Lie 2-algebras will enjoy that we actually get both a ‘semistrict’ Lie 2-algebra — where the Jacobi identity holds up to isomorphism but the bracket is skew-symmetric on the nose — and a ‘hemistrict’ one as defined by Roytenberg — where the Jacobi identity holds on the nose but the skew-symmetry holds only up to isomorphism.

But, they’re isomorphic!

I was very surprised when Chris and Alex discovered this.

Posted at June 2, 2008 8:41 PM UTC

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83 Comments & 2 Trackbacks

Re: Classical String Theory and Categorified Symplectic Geometry

Is there a version of geometric quantization in this setting yet?

Posted by: A.J. on June 2, 2008 10:22 PM | Permalink | Reply to this

Re: Classical String Theory and Categorified Symplectic Geometry

Good question. In fact, that’s question 3 in the Conclusions! We have some things to say about it, but I believe the really quick answer is “not yet”.

If I’m wrong, someone had better tell me quick!

Posted by: John Baez on June 2, 2008 10:40 PM | Permalink | Reply to this

Re: Classical String Theory and Categorified Symplectic Geometry

One will want to talk about the “space of sections” of the gerbe that is rationally classified by the 3-form. That is the “space” of vector bundles twisted by that gerbe. They form a “category of states”.

The best known example is: the charged membrane propagating on BG coupled to the Chern-Simons 2-gerbe. Transgressed to loop space of BG, i.e. G this leaves a gerbe on G. The “space of states” is sections of this, which by Freed-Hopkins-Teleman is the category of reps of the loop group of G. Which indeed is what CS theory should assign to the circle.

Posted by: Urs Schreiber on June 2, 2008 11:18 PM | Permalink | Reply to this

Re: Classical String Theory and Categorified Symplectic Geometry

Great. I was already waiting for that to appear.

I need to run, am on the road at the moment, but one quick comment on this:

But, they [the semistrict and the hemistrict Lie 2-algebras] are isomorphic!

I was very surprised

I haven’t seen the details, but: as far as I know roughly such kind of isomorphism was part of the motivation for Dmitry to come up with the hemistrict definition in the first place. It was well known that the Courant Lie algebroid admitted two different kinds of brackets, one skew but failing Jacobi, the other non-skew but satisfying a suitable identity. But they are equivalent.

The Courant Lie algebroid over the point is just the string Lie 2-algebra. Which is entirely controllled by the skew Jacobiator ,[,]. Which in turn is entirely controlled by the symmetric skew-symmetrizator ,.

I’d need to remind myself of some details of Dmitry’s work, but I think this is what is going on. So it seems that the passage semistrict hemistrict mimics the relation between Lie algebra cocycles and Lie algebra invariant polynomials which are in transgression with each other.

To some extent one can see this relation already while staying entirely withing semistrict Lie n-algebras, by passing to inner automorphism (n+1 )-algebras (dual to the Weil algebra): that also introduces a passage from anti-commuting to commuting and supports an analogous Lie n-algebraic manifestation of Lie algebra cohomology and invariant polynomials.

That latter observation was the basis of our work on higher Chern-Simons connections obstructing lifts to higher String-connections, as you know.

I am really looking forward to reading your article with Chris and Alex. Printing now. Should have some spare time this evening.

Oh, and just two hours ago I had met Mike Stay at Google. They say there is no such thing as a free lunch. But at Google there is! When Mike is done with categorifying GoogleDocs he promises I might even be able to compile my LaTeX files on the Grid.

It’s seems hard not to exchange thoughts with one of your grad students these days, one way or another…

Posted by: Urs Schreiber on June 2, 2008 11:03 PM | Permalink | Reply to this

Re: Classical String Theory and Categorified Symplectic Geometry

Urs wrote:
It was well known that the Courant Lie algebroid admitted two different kinds of brackets, one skew but failing Jacobi, the other non-skew but satisfying a suitable identity. But they are equivalent.

But the work in going to an sh version is a
lot easier in the one skew but failing Jacobi case - at least with our present knowledge/machinery

Posted by: jim stasheff on June 3, 2008 12:18 AM | Permalink | Reply to this

Re: Classical String Theory and Categorified Symplectic Geometry

Urs wrote:

It was well known that the Courant Lie algebroid admitted two different kinds of brackets, one skew but failing Jacobi, the other non-skew but satisfying a suitable identity. But they are equivalent.

Yes… I was expecting our semistrict and hemistrict Lie 2-algebras to be equivalent in the technical sense, but I was shocked when they were isomorphic.

This is no doubt an overly subtle distinction — in fact an ‘evil’ distinction in the technical sense of that term. But, I was nonetheless shocked.

Anyway, your point is a good one: I should go back and ponder this Courant Lie algebroid stuff and see what the big picture is here. Thanks for the hint about ‘invariant polynomials’ versus ‘Lie algebra cocycles’.

Oh, and just two hours ago I had met Mike Stay at Google.

Cool! I forget if you ever met before. I can visualize him welcoming you:

They say there is no such thing as a free lunch. But at Google there is!

Yes! Of course people world-wide paid for that lunch of yours… simply by clicking on links to ads. Modern civilization is weird.

It seems hard not to exchange thoughts with one of your grad students these days, one way or another…

That’s good to hear! My plan is to start a revolution by getting lots of smart young people interested in n-categories. We just need a network with one person in each area of mathematics, physics and computer science.

But you count for about 10 normal smart young people. This will let me retire a decade earlier.

Posted by: John Baez on June 3, 2008 12:52 AM | Permalink | Reply to this

Re: Classical String Theory and Categorified Symplectic Geometry

but I was shocked when they were isomorphic.

Ah, I see. Sure.

Thanks for the hint about ‘invariant polynomials’ versus ‘Lie algebra cocycles’.

You should make this a TWF slogan so that everybody knows it:

Lie cocycles are Jacobiators and their coherences

Lie invariant polynomials are alternizators and their coherences

(Well, the last sentence is a should-sentence :-)

I forget if you ever met before.

No, i hadn’t. It was great fun. We discussed the mysterious relation between computation and physics, your work with him and how he is applying it to make GoogleDocs run LaTeX in a secure way. Really, thought of correctly that requires 2-categories.

Modern civilization is weird.

And the relevance of advertisements in modern capitalism is astonishing. And the astonishing thing about Google is not only that everybody runs around with a T-shirt saying “I am feeling lucky”, but that they actually manage to make advertisements a pleasant (or at least not unpleasant) thing.

My plan is to start a revolution by getting lots of smart young people interested in n-categories.

It’s happening. A year ago or so I would not have believed the amount of -category theory we have been throwing around leisurely at HIM last week I was there. At some point Freed in his lecture almost apologized for talking about an ordinary 1-groupoid. :-)

But you count for about 10 normal smart young people.

Can I have this in a letter of reference? ;-) I’ll need one or two in a few days.

Posted by: Urs Schreiber on June 3, 2008 4:16 AM | Permalink | Reply to this

Re: Classical String Theory and Categorified Symplectic Geometry

Thanks, Urs. I had a lot of fun, too.

Posted by: Mike Stay on June 4, 2008 12:36 AM | Permalink | Reply to this

Re: Classical String Theory and Categorified Symplectic Geometry

Can you comment on the loop spaces of a symplectic manifold, and their 1-plectic, 0-plectic, and -1-plectic structures? (Or however far out it is reasonable to go.)

I imagine Floer homology should come in there.

Posted by: Allen K. on June 3, 2008 4:04 AM | Permalink | Reply to this

Re: Classical String Theory and Categorified Symplectic Geometry

It ought to be true that an n-plectic structure on X transgresses to an (nk)-plectic structure on L kX.

If that doesn’t come out the definition is bad.

The formula on p. 19 is that transgression for n=2

ω˜= S 1 ev *ω

where ev:S 1 ×LXX is evaluation.

Posted by: Urs Schreiber on June 3, 2008 4:45 AM | Permalink | Reply to this

Re: Classical String Theory and Categorified Symplectic Geometry

Before Jim has to do it, let me do it for him: everybody notice that back in the old days people said suspension for what i just called transgression. And vice versa.

Posted by: Urs Schreiber on June 3, 2008 4:48 AM | Permalink | Reply to this

Re: Classical String Theory and Categorified Symplectic Geometry

I was hoping that part of the answer would include how these notions simplify/trivialize when one gets down to very small plecticity.

Posted by: Allen K. on June 4, 2008 12:49 AM | Permalink | Reply to this

Re: Classical String Theory and Categorified Symplectic Geometry

Allen wrote:

I was hoping that part of the answer would include how these notions simplify/trivialize when one gets down to very small plecticity.

Yes — I liked your original question very much, but haven’t had 10 minutes to think about it yet.

Since an n-plectic manifold is one equipped with a nondegenerate closed (n+1 )-form, 1-plectic manifolds are ordinary symplectic manifolds, and below that things become a bit weird.

A 0-plectic manifold X is one equipped with a nondegenerate closed 1-form ω. In this case the nondegeneracy condition means that

ω(v)=0 v=0

for every vector field v. This can only happen if X has dimension 1 . In the 1-dimensional case, ω must then be a volume form.

This is very restrictive, so unless I made some stupid mistake the loop space of a 1-plectic manifold is not 0-plectic… which makes me very worried about my general claim that the loop space of an n-plectic manifold is (n1 )-plectic.

In fact I now think my mental argument for that general claim (which I stuck in the paper at the last minute) is wrong. The transgression of a closed form is closed, but I’m afraid the transgression of a nondegenerate form may be degenerate!

So, I need to think about this more. Thanks: your question was very useful, even if its effect was to remove misinformation instead of reveal new information.

Posted by: John Baez on June 4, 2008 3:32 AM | Permalink | Reply to this

Re: Classical String Theory and Categorified Symplectic Geometry

IIRC, in Witten’s argument for Atiyah-Singer via Duistermaat-Heckman applied to loop space (written up by Atiyah in “Circular symmetry and stationary phase”), the 2-form on the loop space of a Riemannian manifold is only presymplectic. And of course the curvature of a connection on a circle bundle isn’t necessarily symplectic. So I’m going to need more convincing that nondegeneracy is so fundamental here.

(Here’s a paper on-line about the Witten stuff, in part.)

One benefit of nondegeneracy in the 1-plectic case is Darboux’ theorem. I imagine I should be looking in your references to other people’s work on n-plectic manifolds, but out of laziness I’ll ask here: is there a Darboux theorem for these higher versions? And if not, should local triviality be added to the assumptions?

Posted by: Allen K. on June 4, 2008 4:17 PM | Permalink | Reply to this

Re: Classical String Theory and Categorified Symplectic Geometry

Allen wrote:

I’m going to need more convincing that nondegeneracy is so fundamental here.

Well, the nondegeneracy of the n-plectic structure is certainly unnecessary for some things — both the things you mentioned and the very simplest thing, namely getting a U(1 ) n-bundle from an integral closed (n+1 )-form.

It does however play a big role in getting a vector field v F from an observable F (details worked out for all n) and thus defining a Lie n-algebra of observables with bracket {F,G}=v F(G) (details worked out for n=1,2 ). And that’s what our paper is about.

One benefit of nondegeneracy in the 1-plectic case is Darboux’ theorem. I imagine I should be looking in your references to other people’s work on n-plectic manifolds, but out of laziness I’ll ask here: is there a Darboux theorem for these higher versions?

No, there’s not — it fails already for 2-plectic manifolds. The paper we cite by Gotay, Isenberg Marsden and Montgomery complains about this fact.

And if not, should local triviality be added to the assumptions?

They suggest doing something like that. To go beyond a certain point in the theory, it may be needed. I haven’t hit that point yet.

In short, it’s probably interesting to study all sorts of structures in parallel: closed (n+1 )-forms, integral ones, nondegenerate ones, and maybe ones of ‘standard local form’.

Posted by: John Baez on June 4, 2008 6:55 PM | Permalink | Reply to this

Re: Classical String Theory and Categorified Symplectic Geometry

so unless I made some stupid mistake the loop space of a 1-plectic manifold is not 0-plectic

It does not seem that this is something to be worried about. While the definition of 0-plectic itself seems to make sense, you can’t get a Lie 0-algebra out of it anyway. The equation ι vω=dF is pointless for ω a 1-form anyway.

What seems more interesting to me is whether the loop space of a 2-plectic manifold is 1-plectic.

And this seems to be true – for the space of unparameterized loops.

Consider first parameterized loops. Let v be a vector on loop space and assume that ω(γ(σ),v(γ(σ)),w(γ(σ)))dσ vanishes for all vectors w on loop space. We want to find out what this implies for v.

So look at sequences of such w whose members are supported on ever smaller subsets of the circle. It should follow that the above integral can vanish for all w if and only if the integrand

ω(γ(σ),v(γ(σ)),w(γ(σ)))

already vanishes for all γ for any fixed σ. But since where it is supported w is still arbitrary and γ takes on all possible values at a given σ as we vary γ, this seems to imply that either v(γ(σ)) is proportional to γ(σ) for all γ (at the given σ) or ι v(γ(σ))ω=0 .

Since ω itself was non-degenerate, this finally means that v has to be proportional to the generator of reparameterizations on loop space. But that generator precisely vanishes as we pass to un-parameterized loops.

Posted by: Urs Schreiber on June 7, 2008 2:01 AM | Permalink | Reply to this

Re: Classical String Theory and Categorified Symplectic Geometry

unparameterized loops meaning equivalence classes of loops with respect to oriented diffeos (or homeos)?

but not all thin homotopies?

Posted by: jim stasheff on June 7, 2008 4:33 PM | Permalink | Reply to this

Re: Classical String Theory and Categorified Symplectic Geometry

unparameterized loops meaning equivalence classes of loops with respect to oriented diffeos (or homeos)?

A parameterized based loop is a map γ:[0,1 ]X such that γ(0 )=γ(1 ). If we think of the circle S 1 as a smooth space with basepoint, that’s the same as maps S 1 X.

For my above argument to make sense, it appears to be sufficient, already, to pass to the quotient where loops are identified that differ only by the choice of basepoint, i.e. which differ by precomposition with a rigid rotation of the circle.

What I had in mind when writing the comment, though, was deviding out pre-composition with all orientation-preserving diffemorphisms of the circle.

But it occurs to me now that diving out much less will do the trick, too.

Posted by: Urs Schreiber on June 9, 2008 4:24 AM | Permalink | Reply to this

Re: Classical String Theory and Categorified Symplectic Geometry

Thanks, Urs and Jim!

I’ll ponder this and try to turn it into a theorem.

Posted by: John Baez on June 8, 2008 7:47 PM | Permalink | Reply to this

Re: Classical String Theory and Categorified Symplectic Geometry

What kind of loop space are you talking about after example 2.3? I’m guessing based not free (but I don’t think I should have to guess).

Posted by: Allen K. on June 3, 2008 4:08 AM | Permalink | Reply to this

Re: Classical String Theory and Categorified Symplectic Geometry

but I don’t think I should have to guess

But it shouldn’t matter, should it?

The only potential issue that I see is that the transgressed plectic form is still nondegenerate. That might depend on what tangents exactly one allows on loops (I am unsure about this at the moment) but doesn’t seem to depend on whether or not loops are based. It seems.

But maybe I am missing something.

Posted by: Urs Schreiber on June 3, 2008 5:32 AM | Permalink | Reply to this

Re: Classical String Theory and Categorified Symplectic Geometry

Just finished reading your article. Imagine me, while reading, sitting on some dune over a cliff looking over the pacific ocean, silence except for a fresh wind under the blue sky.

Well, I guess you have that every second day if you want…

Anyway, very nice article. This is gonna be another classic. Here are some comments:

On p. 2:

when describing the history of how line 2-bundles and 3-bundles were realized to be present in string theory one must mention Dan Freed. It was Freed-Witten who first realized that the “B-field” is a gerbe with connection. It was Freed-Diaconescu-Moore whose first realized that the “C-field” is a 2-gerbe with connection.

I would suggest to cite the seminal

Dan Freed, Dirac Charge Quantization and Generalized Differential Cohomology

which discusses this and all its twisted generalized versions and whatnot. And all that starting from a truly foundational new look at just ordinary electromagentism.

I am predicting that in 50 years when people look back at the achievements of late 20th century mathematical physics, this article will stand out. It is the true successor of Dirac’s 1932 article.

Of course Freed there never mentions categorification or gerbes of n-bundles. He phrases it in terms of differential characters. But that’s just one of the 50 ways to talk about (n1 )-gerbes with connection.

p. 3: maybe mention that for a given integral closed 2-form there are in general line bundles with non-isomorphic connections realizing them.

p. 4, second paragraph “there are in general various way-s-“

p. 5: while it is implied by the list, maybe state also what the bracket of an object with a morphism is

p. 7: third line: “The reason is given an…”

p. 9 before the last displayed equation: “to a 2-term chain complexes vector spaces”

Posted by: Urs Schreiber on June 3, 2008 4:37 AM | Permalink | Reply to this

Re: Classical String Theory and Categorified Symplectic Geometry

I am having weird problems with my hardware. That makes my comments come in a little scattered.

But here is another editorial-like comment on the article:

the use of the term “string theory” in the article is sub-obtimal. What you really do is look at the quantization of the Klein-gordon field in two dimensions. That can be read as the dynamics of a string. But string theory is the second quantization of that, in whichever form, which you don’t want to discuss.

Saying “string theory” when discussing quantization of a 2-plectic manifold is completely analogous to saying “QED” when discussing quantization of the 1-plectic manifold describing the phase space of an electron.

so in particular, you shouldn’t say, as you do at the beginning of section 4, that “string theory is a theory of maps ΣX”. No. The Σ-model that string theory is the second quantization of is a theory of such maps.

Similarly, under a “solution of classical bosonic string theory” people don’t understand the equation you give, but a solution to an effective gravitational theory in 26 dimensions.

I think instead of “String theory” you want to say “the quantum string” or the like.

Posted by: Urs Schreiber on June 3, 2008 5:26 AM | Permalink | Reply to this

Re: Classical String Theory and Categorified Symplectic Geometry

Urs wrote:

the use of the term “string theory” in the article is sub-obtimal. What you really do is look at the quantization of the Klein-Gordon field in two dimensions.

Actually no quantization: just classical stuff!

That can be read as the dynamics of a string. But string theory is the second quantization of that, in whichever form, which you don’t want to discuss.

Right. Everything we’re doing here could work equally well for any 1 +1 -dimensional classical field theory where the action depends only on the field and its first derivatives. Our focus on the classical string is mainly just an expository tactic for explaining several analogies in a coherent way — in particular:

A field : line bundle :: B field : gerbe

and

A field : 1-plectic structure :: B field : 2-plectic structure

and

1-particle : 1-plectic structure :: 2-particle : 2-plectic structure

I think instead of “String theory” you want to say “the quantum string” or the like.

But we’re not doing anything quantum, except a little preliminary motivation from geometric quantization. That’s why we said ‘classical bosonic string theory’. Is ‘the classical string’ better?

In their work on multisymplectic geometry, Gotay, Isenberg, Marsden and Montgomery say ‘the bosonic string’. But they are experts in classical mechanics, not string theorists. I’m not a string theorist either (obviously). But, I agree that it’s good to talk in a way that doesn’t make string theorists think we’re silly.

Posted by: John Baez on June 3, 2008 7:03 AM | Permalink | Reply to this

Re: Classical String Theory and Categorified Symplectic Geometry

Right, sorry, “quantum” was a red herring.

The problem is that the study of that 1+1 d theory is not yet string theory, classical or not. That may sound like hair-splitting, but I think the two statements I mentioned (saying that string theory is a theory of maps from Sigma to somewhere and addressing the worldsheet eqm as a “solution to string theory”) should definitely be avoided. You could argue that the standard usage of the word “string theory” is bad, which may be true. But still.

Posted by: Urs Schreiber on June 3, 2008 7:27 AM | Permalink | Reply to this

Re: Classical String Theory and Categorified Symplectic Geometry

Urs wrote:

You could argue that the standard usage of the word “string theory” is bad, which may be true. But still.

Just tell me what we should say. Before you suggested “the quantum string”, which would be fine — except we’re not doing anything quantum. So what then? “The classical string”?

(My long-winded comment was just an explanation of why I don’t feel like mainly saying “the (1+1)d massless Klein–Gordon equation”.)

Posted by: John Baez on June 3, 2008 8:10 AM | Permalink | Reply to this

Re: Classical String Theory and Categorified Symplectic Geometry

Just tell me what we should say. Before you suggested “the quantum string”, which would be fine — except we’re not doing anything quantum. So what then? “The classical string”?

Sorry, I would have replied earlier but couldn’t due to hardware problems and being busy all day.

I would say:

title of section 4: “An application to the bosonic string” or “An application to the classical bosonic string” if you want to emphasize that you are not quantizing it.

First sentence of section 4: “The bosonic string is a theory of maps…” (no “clasical” needed here, strictly speaking)

Last sentence of the first paragraph: “A solution of the classical bosonic string is…” or “A classical trajectory of the bosonic string is…”

Posted by: Urs Schreiber on June 4, 2008 3:04 PM | Permalink | Reply to this

Re: Classical String Theory and Categorified Symplectic Geometry

I like the first sentence of the Introduction:

It is becoming clear that string theory can be viewed as a `categorification’ of particle physics, in which familiar algebraic and geometrical structures based in set theory are replaced by their category-theoretic analogues.

If I’m not mistaken, this goal is one of the things that got Urs into learning categorification in the first place!

I also like what you said here:

However, this is typical of mathematical ideas: they’re often discovered in fancy contexts, but when it becomes clear how simple they are, their realm of application spreads. I believe categorification can be applied to classical mechanics…

I hope you don’t mind a slight digression that I think is still in the spirit of this post…

A former colleague of mine (before he was a colleague) once sent Urs an email asking about categorification and finance. Urs forwarded the mail to me to see what I thought. It’s a small world and I ended up working with him. He is a super smart guy and was actually good friends with Ross Street. Three years later, it might be time to revisit the idea.

One of the bedrocks of mathematical finance is the Black-Scholes equation. This equation helps determine/analyze the fair price of stock options. It involves stochastic calculus.

The Black-Scholes equation can be mapped to the Schrodinger equation. I have a writeup somewhere (or maybe on some forum somewhere) showing the details, but anyone here can easily work it out. The analogy I want to point out is that the Black-Scholes equation can be thought of as modeling the dynamics of “point prices” just as the Schrodinger equation models the dynamics of “point particles”.

There are two primary financial instruments that populate any traditional portfolio: stocks and bonds. Stocks are described by a “point price” and hence stock options are governed by the Black-Scholes equation. Bonds are more complicated because there is no 0-dimensional “point price” for bonds. Bonds depends on a 1-dimensional “price curve”. There are models to describe the dynamics of 1-d “price curves”, but nothing has had quite the impact that the original Black-Scholes model did.

If I could clone myself and if I were smarter, I would attempt to “categorify” the Black-Scholes equation to model the dynamics of the extended 1-d “price curves”.

It might sound silly, but just as string theory seems to relate to a categorification of point particle dynamics, I suspect one could develop a bond option pricing theory based on a categorification of the Black-Scholes equation (for “point prices”).

If anyone cares to work this out, I’d be glad to help with any of the relevant finance background. It should be quite simple for anyone here, but could potentially be quite significant in mathematical finance. I can’t claim to be the first to think of this idea because this is probably precisely what my old colleague had in mind, but I think it is a good example of how the “realm of application” of categories can spread.

Posted by: Eric on June 3, 2008 5:56 AM | Permalink | Reply to this

Re: Classical String Theory and Categorified Symplectic Geometry

I’m glad you like those sentences, Eric. I work hard on ‘em.

Eric wrote:

A former colleague of mine (before he was a colleague) once sent Urs an email asking about categorification and finance. Urs forwarded the mail to me to see what I thought. It’s a small world and I ended up working with him. He is a super smart guy and was actually good friends with Ross Street.

I think I may know who you’re talking about, although I’m terrible with names so his name isn’t coming back to me. The idea, however, sounds familiar.

If I could clone myself and if I were smarter, I would attempt to “categorify” the Black-Scholes equation to model the dynamics of the extended 1-d “price curves”.

If you could clone yourself, you would be smarter — since nobody can do that yet. You could make money on human cloning and say goodbye to finance.

Seriously, I think it would be easier to start by guessing a stochastic differential equation for the time evolution of a price curve, and later see what that had to do with categorification. After all, there are already stochastic partial differential equations that describe the random wiggling of strings. Maybe one of these will help, since the Black–Scholes equation is just the Brownian motion of a point particle (after a change of variables).

Our paper shows (perhaps not as clearly as it should) that any 2d classical field theory is related to categorification. The same thing seems to be true for quantum field theory. So, I wouldn’t be surprised if any 2d stochastic field theory was also related to categorification.

But, I think it might be easier to start with some ideas in economics, derive the right stochastic PDE, and worry about categories later.

By the way, I know a refugee from mathematical physicist, a student of Raoul Bott who now works in finance — his name is Eric Weinstein. He gave a very nice talk at the Perimeter Institute about how arbitrage is related to gauge theory. Executive summary: if you can carry money around a loop and have it come back bigger, you’ve got a viable business model.

It’s tempting to generalize his ideas to higher gauge theory!

But, if I were going to work on mathematical finance, I would take a more crass attitude. I’d try to write down a valuable differential equation, publish it, and collect my Nobel prize as soon as possible… avoiding Black’s mistake.

Posted by: John Baez on June 3, 2008 7:42 AM | Permalink | Reply to this

Re: Classical String Theory and Categorified Symplectic Geometry

By the way, I know a refugee from mathematical physicist, a student of Raoul Bott who now works in finance — his name is Eric Weinstein. He gave a very nice talk at the Perimeter Institute about how arbitrage is related to gauge theory. Executive summary: if you can carry money around a loop and have it come back bigger, you’ve got a viable business model.

Interesting. I wonder if he reads any finance forums? I wrote this on May 18, 2002.

Arbitrage and Holonomies

Hi,

I’ve got a vague glimmering of lights sparkling somewhere in the back of my head and I’m hoping someone might point me to the path of true enlightenment…

From my understanding, arbitrage amounts to simultaneously buying and shorting an asset at some point A in the “market manifold”, carrying your “portfolio” through two distinct paths P1 and P2 in the market and selling the asset you’re holding at some point B in the market as illustrated below

[Beautiful figure depicting a situation very similar to the AB effect lost in cyberspace]

If there were arbitrage, you could do this and make a profit.

But this sounds a lot like holonomy, i.e. parallel transporting a tangent vector around a closed curve. If there is no curvature in the manifold, then you get the same tangent vector as you started with at the end of the journey. If there is curvature, then you will get a rotated vector when you return.

Am I crazy, or does this have some relation to arbitrage? Could arbitrage somehow be related to curvature? Where can I read up more about this?

Thanks for any words of enlightenment.

Eric

I had never heard anyone relating arbitrage and holonomies before this (although Illinski had related gauge theories to finance in a slightly different context).

Ironically, later posts in the thread refer to some guy named Baez :D

Posted by: Eric on June 3, 2008 8:31 AM | Permalink | Reply to this

Re: Classical String Theory and Categorified Symplectic Geometry

But, I think it might be easier to start with some ideas in economics, derive the right stochastic PDE, and worry about categories later.

Right. Maybe I misunderstood the basic concept of what you were saying. The economic ideas are already there in the Black-Schole formulation for “point prices” and I was hoping that getting the right “price curve” formulation would amount to simply* categorifying the Black-Scholes concepts.

*I don’t know how simple this would be.

Posted by: Eric on June 3, 2008 8:58 AM | Permalink | Reply to this

Re: Classical String Theory and Categorified Symplectic Geometry

Eric wrote:

I wonder if he reads any finance forums? I wrote this on May 18, 2002….

It’s possible he read that, or it’s possible he read that paper by Illinski you mentioned, Physics of finance. Or, it’s also quite possible that he reinvented this idea on his own! I think this idea was fated to come into existence as soon as physicists started getting jobs as quants.

The economic ideas are already there in the Black-Schole formulation for “point prices” and I was hoping that getting the right “price curve” formulation would amount to simply* categorifying the Black-Scholes concepts.

*I don’t know how simple this would be.

I don’t know to ‘simply’ use categorification to do something like this. It sounds hard. It sounds a lot easier to understand the relevant ideas, guess a nice stochastic differential equation describing the time evolution of price curves, and then maybe later try to see if it was a categorified version of the Black–Scholes equation.

The Wizard in me likes to do magic tricks where I put a rabbit in a hat and pull out again, saying “Presto! Now I’ve categorified it!” It’s supposed to look easy. But a lot of work goes on behind the scenes.

Posted by: John Baez on June 3, 2008 8:17 PM | Permalink | Reply to this

Re: Classical String Theory and Categorified Symplectic Geometry

I think this idea was fated to come into existence as soon as physicists started getting jobs as quants.

Yeah, I totally agree. I would really like to see his stuff. Now that I know he made the switch I’ll keep my eye open and hope to bump into him some time. Thanks for pointing out the connection.

Posted by: Eric on June 3, 2008 11:50 PM | Permalink | Reply to this

Re: Classical String Theory and Categorified Symplectic Geometry

Readers might also be interested in

Quantum Finance: Path Integrals and Hamiltonians for Options and Interest Rates

Belal E. Baaquie

Posted by: Mike Stay on June 4, 2008 2:36 AM | Permalink | Reply to this

Re: Classical String Theory and Categorified Symplectic Geometry

Eric wrote:

Now that I know he [Eric Weinstein] made the switch I’ll keep my eye open and hope to bump into him some time.

I hardly ever see him, but we’re pretty good friends in a way. You see, a long time ago we were both in a kind of informal physics discussion club at MIT, together with my friends Steve Sawin and Scott Axelrod. So, if you ever see him or email him, say hi.

I just noticed an abstract of a talk he likes to give, on ‘Neoclassical economics and gauge theory’.

I also see he’s going to the conference on Science in the 21st Century at the Perimeter Institute.

It all fits together, because the last time I saw him, I was at the Perimeter Institute, and he came and gave his talk on economics and gauge theory. Then we hung out and talked with Lee Smolin. Like Lee, Eric is interested in nontraditional methods of funding physics research. I can easily imagine him wanting to speak about that at this conference.

Posted by: John Baez on June 4, 2008 4:42 AM | Permalink | Reply to this

Re: Classical String Theory and Categorified Symplectic Geometry

I’d like to learn more about this. Please write me at metaweta@gmail.com or post more details below. Thanks!

Posted by: Mike Stay on June 4, 2008 3:15 AM | Permalink | Reply to this

Re: Classical String Theory and Categorified Symplectic Geometry

Hi Mike,

It would be great if I could get you interested in the stuff! I’ll do the best I can :)

To minimize the clutter in this thread though, I created two articles:

Categorified Option Pricing Theory

and

Black-Scholes and Schrodinger

Leaving comments with LaTeX is pretty simple. Just write $latex F = ma$ and it should render (I hope!).

Posted by: Eric on June 4, 2008 7:00 AM | Permalink | Reply to this

Re: Classical String Theory and Categorified Symplectic Geometry

While I’m categorifying symplectic geometry, this grad student of mine is categorifying GoogleDocs and the stock market! I can guess who’ll end up rich.

Posted by: John Baez on June 4, 2008 8:44 AM | Permalink | Reply to this

Re: Classical String Theory and Categorified Symplectic Geometry

Hi Mike,

If you are interested in learning about this, I just found a treasure trove of fantastic papers (although they weren’t exactly hidden!).

In a comment, Blake Stacey pointed out a very interesting looking a book

Quantum Finance: Path Integrals and Hamiltonians for Options and Interest Rates
By B. E. Baaquie
Published 2004
Cambridge University Press

The author has a ton of papers on the arxiv as well as his web page.

In particular, this is one very neat and concise and conveys some basic ideas for the “point particle”:

Quantum Mechanics and Option Pricing

Then for a more recent article from which you can trace references that conveys the idea of yield curves as 2-d quantum field theories, have a look at this

Price of coupon bond options in a quantum field theory of forward interest rates

I have a strong hunch that this is exactly what I was looking for and can possibly be interpreted as a categorification of Black-Scholes.

Posted by: Eric on June 5, 2008 4:22 PM | Permalink | Reply to this

Re: Classical String Theory and Categorified Symplectic Geometry

Thanks for all the links!

In a comment, I suggested that book myself. :) Unfortunately, I haven’t had time to read it. :(

So if stocks are 0-dimensional and bonds are 1-dimensional, are there financial instruments of even higher dimension?

Posted by: Mike Stay on June 5, 2008 11:20 PM | Permalink | Reply to this

Re: Classical String Theory and Categorified Symplectic Geometry

D’oh! Right. I thought it looked familiar :)

If you haven’t noticed yet, I have a very thick skull and it usually takes being told something 10-20 times before it begins to sink in.

As far as higher dimensional objects are concerned, never underestimate the ability of these quants to come up with complex financial instruments that no one understands. Ever heard of a subprime CDO? :)

I’ll try to think of a simple example that might be thought of as a higher dimensional object, but nothing obvious pops out at me. I’m still fairly new to finance myself. I left MIT Lincoln Lab at the end of 2004. Two of the subsequent years were not related to mathematical finance at all and were more about traditional (non-quantitative) investing. Only recently have I begun dusting off my old papers.

Posted by: Eric on June 5, 2008 11:37 PM | Permalink | Reply to this

Re: Classical String Theory and Categorified Symplectic Geometry

It is becoming clear that string theory can be viewed as a `categorification’ of particle physics, in which familiar algebraic and geometrical structures based in set theory are replaced by their category-theoretic analogues.

If I’m not mistaken, this goal is one of the things that got Urs into learning categorification in the first place!

That’s why in the abstract of arXiv:hep-th/0509163 is says:

This stringification is nothing but categorification.

:-)

And the quick way to see it is the one we have menioned here: an n-structure on X transgresses to an (nk)-structure on Maps(Σ,X), for Σ k-dimensional.

Conversely, whenever you see an ordinary 1-structure on Maps(Σ,X), chances are good that it can be “localized” to a (k+1 )-structure on X.

That’s what happens with String-structures: originally these were conceived as lifts of 1-bundles on LX. Later it was realized that this corresponds to a lift of 2-bundles down on X.

The same thing is now going on here: of course people knew how to describe the symplectic geometry of n-dimensional field theory before, but on Maps(Σ,X). Now Alex, Chris and John point out how this may come from (k+1 )-plectic geometry on X. This retains more information.

Posted by: Urs Schreiber on June 4, 2008 8:08 AM | Permalink | Reply to this

Re: Classical String Theory and Categorified Symplectic Geometry

Thanks for confirming! I have a couple years of your papers and blog articles to catch up on :)

In the paper you sighted, you say

This already suggests that there is nothing more natural than replacing M with LM, the free loop space over M, d with the exterior derivative on LM, and so on. In other words this amounts to switching from the spectral triple for the configuration space M of a particle to that of the configuration space LM of a closed string.

Something like this is what I’m hoping to do with categorifying Black-Scholes. In fact, this is kind of what I thought waving the wand of categorification meant.

To borrow your line, “In other words this amounts to switching from the spectral triple for the configuration space M of a [stock price] to that of the configuration space LM of a [bond yield curve].”

Maybe a first step would be to write Black-Scholes as an arrow theory?

Posted by: Eric on June 4, 2008 3:55 PM | Permalink | Reply to this

Re: Classical String Theory and Categorified Symplectic Geometry

By the way, if the words “Black-Scholes” and the relations to mathematical finance do not elicit much excitement, the problem I’m trying to solve can be equivalently described as a categorification of the heat equation. At least as a first pass.

Posted by: Eric on June 4, 2008 6:52 PM | Permalink | Reply to this

Re: Classical String Theory and Categorified Symplectic Geometry

this amounts to switching from the spectral triple for the configuration space M of a particle to that of the configuration space LM of a closed string.

By the way, as I have mentioned a couple of times on this blog, since I wrote this a bit of progress has occurred on this aspect of “2d QFT as 2-spectral triple”, mostly in the form of Yan Soibelman having unpublished work on it.

Posted by: Urs Schreiber on June 4, 2008 9:16 PM | Permalink | Reply to this

Re: Classical String Theory and Categorified Symplectic Geometry

“This is different than the usual tensor product of chain complexes” p.10

I know there are transatlantic differences, but surely ‘different from’ here. If only I had access to this.

Ah, I do. Here are our uses:

From to than UKwriting 87.6 % 10.8 % 1.5 % UKspeech 68.8 % 27.3 % 3.9 % USwriting 92.7 % 0.3 % 7.0 % USspeech 69.3 % 0.6 % 30.1 %

About a sample of recordings of language in situations of greater and lesser formality, Iyeiri et al. say

…the proportion of different than to the total of relevant examples is the smallest in the White House files, whereas the ratio is the largest in the files of the national meetings on reading tests, where both men and women use different than more frequently than different from. Furthermore, there is a clear tendency for women to use different than less frequently than men except in the files of the reading tests, where the gender distinction is very slight, although we do admit that the absence of different than in the White House female files may be ascribable to lack of evidence. Supposing that formal settings discourage the use of different than, we could surmise that the settings of the White House press conferences are the most uptight while the settings of the reading committee meetings are the most relaxed. Furthermore, it is also a reasonable conjecture deduced from the above graph that women are slower than men to feel laid back. Men are inclined to use different than reasonably often in the settings of the faculty meetings and the national meetings on mathematics tests, whereas even in the same settings women are careful about their use of language. It is only in the setting of the meetings on reading tests that women start using different than at the same level as men.

Clearly you were too relaxed (and too male) while writing this paper.

Posted by: David Corfield on June 3, 2008 2:24 PM | Permalink | Reply to this

Re: Classical String Theory and Categorified Symplectic Geometry

David quoted a study showing:

…the proportion of different than to the total of relevant examples is the smallest in the White House files, whereas the ratio is the largest in the files of the national meetings on reading tests, where both men and women use different than more frequently than different from.

See? This proves that in the US, people tend to use different from in meetings dominated by an illiterate idiot, while experts in reading prefer different than.

It’s all a question of how you interpret the data…

More seriously: introspecting, I think I might tend to say “different from” if I’m in the midst of explaining how A differs from B in some particular aspect, e.g.: “this yoghurt is different from that one: it’s more runny”.

On the other hand, I might tend to say “different than” if I’m simply trying to note that AB, e.g.: “William Bennett, the conservative pundit, is different than Bill Bennett, the British comedian”. Here I’m not trying to explain how they’re different — e.g. I’m not thinking “…. because Bill Bennett is three inches taller”. I’m simply asserting that they’re not the same guy.

However, all this could be an illusion. I’ll have to keep tabs on myself to see what I say.

But anyway: so writing “different than” in this context really looks uneducated to the British eye? If so, I’ll change it, since to me the difference is negligible.

Thanks!

Posted by: John Baez on June 3, 2008 6:17 PM | Permalink | Reply to this

Re: Classical String Theory and Categorified Symplectic Geometry

I expect the easiest way for you to imagine how it sounds to me is to read it with ‘different to’ instead.

I’m sure the whole thing is horribly complicated and not worth worrying about.

Posted by: David Corfield on June 3, 2008 8:27 PM | Permalink | Reply to this

Re: Classical String Theory and Categorified Symplectic Geometry

Thanks - I’m glad someone else also finds it grating on the ear or, in this case, on the eye. Only exception: this difference might be more different than that one.

Even worse is the tendency for as to be totally supplanted by like
even in the construction
a:b::c:d
read as
a is to b AS c is to d

Posted by: jim stasheff on June 4, 2008 2:43 AM | Permalink | Reply to this

Re: Classical String Theory and Categorified Symplectic Geometry

John Baez said:

“ I believe categorification can be applied to classical mechanics… and then it leads to higher-dimensional field theories, including classical string theory!”

As far as I remember reading this blog, and searching anything quantum on 4D. I tried looking for it, and the best I could find was this.

I would like to study quantum on this dimension, using categories, but it seems too misterious, too weird and no where I found something that could help. Any tips on how should I proceed?

Thanks!

Posted by: Daniel de França MTd2 on June 3, 2008 2:32 PM | Permalink | Reply to this

Re: Classical String Theory and Categorified Symplectic Geometry

I really need some guidance… I will try to beg you guys better later.

Posted by: Daniel de França MTd2 on June 3, 2008 8:17 PM | Permalink | Reply to this

Re: Classical String Theory and Categorified Symplectic Geometry

It’s hard to guide you, since you’re not saying what you already know — or what you want to know.

Also, to be brutally frank, your inexpert use of English makes your writing very strange, e.g. “I would like to study quantum on this dimension, using categories”. I mention this only because everyone else on this blog will be too polite to do so: instead, they just won’t reply to your question!

Anyway, I get the impression you’re trying to study something about 4-dimensional quantum field theory using categories — but something that isn’t too ‘mysterious’ or ‘weird’.

That’s a vague request, but okay… have you considered the Doplicher–Roberts theorem, which reconstructs the gauge group for a 4d quantum field theory starting from its algebras of local observables?

It’s a nice result, and understanding it is a good way to learn some category theory. The abstract core of the result was proved here:

  • S. Doplicher and J. Roberts. A new duality theory for compact groups. Inventiones Mathematicae, 98:157–218, 1989.

but you’ll only understand the point if you know some algebraic quantum field theory (which is worth learning anyway):

  • Rudolf Haag, Local Quantum Physics: Fields, Particles, Algebras, Springer-Verlag, 1992.

Urs Schreiber provides a link to a more streamlined proof by Michael Müger and a summary of the abstract result. But again, this will seem mysterious and weird if you don’t know the physics context.

Anyway, that’s something that comes to mind — but it could be way too hard for you, or way too easy.

Posted by: John Baez on June 3, 2008 8:42 PM | Permalink | Reply to this

Doplicher-Roberts

That’s a vague request, but okay… have you considered the Doplicher–Roberts theorem, which reconstructs the gauge group for a 4d quantum field theory starting from its algebras of local observables?

The gauge group? Maybe the global symmetry group, but surely not the gauge group.

Posted by: Jacques Distler on June 3, 2008 9:58 PM | Permalink | PGP Sig | Reply to this

Re: Doplicher-Roberts

Jacques wrote:

Maybe the global symmetry group, but surely not the gauge group.

Right, I was being sloppy.

Posted by: John Baez on June 4, 2008 12:00 AM | Permalink | Reply to this

Re: Classical String Theory and Categorified Symplectic Geometry

“I mention this only because everyone else on this blog will be too polite to do so: instead, they just won’t reply to your question”

I’m sorry John! I merely copied from my Openoffice Word and pasted here. Anyway, even there I couldnt see very well what I was writing, because the autocorrection was set to portuguese. All the text was scrambled, and couldn’t see heads or tails…

You asked me about the status of my knowledge… I can give you some clues, something that aproximately covers my most uptodate knowledge:

-Nakahara, the book on topology, except for the last chapter (intro. to bosonic string).
-Vertex Algebra for Beginners, Kac, except for the last chapter, which I just read very superficialy (applications for what was done in the rest of the book).
-Modular Functions and Dirchlet Series, Apostol, up to chapter 1-5,6. Basicaly, the content of the book’s title.
-QFT, I can’t come up with a book right now, but I can comprehend renormalization, regularization, and a little bit of how to get rid of ghosts in QCD. I still don’t know the BRST formalism.

I am completely lost when it comes to category theory. I took this as a textbook:

-Category Theory, Awodey. I studied up to chapter 5. So, I didnt yet study formaly functors, and diddn’t even touch neither Yoneda Lemma nor Adjoints.

And that’s it.

BTW, John, I really like weirdness and craziness. I can’t stand normal things, so I got a job completely unrelated to physics (trademark analyzer at a patent office), so that I could afford my tastes.

So, after 4 years away from physics, last year, I was idling on wikipedia and found about exotic smoothness in 4 manifolds here, and this shocked me O_O O_o: “For any positive integer n other than 4, there are no exotic smooth structures on Rn; in other words, if n ≠ 4 then any smooth manifold homeomorphic to Rn is diffeomorphic to Rn.” That happened in the same time Garrett Lisi’s article was posted on arxiv. I tried to figure out what was e8, and found this by coincidence. So, I rushed to get this book, “Exoctic Smoothness and Physics”, Asselmeyer and Brans, only to find out that it was related to all sorts of weird stuff that I ALWAYS wanted to knowand MORE!!! :O For example, I was always curious to know what Seiberg-Witten invariant was all about, so, I found somewhere to start reading. Well, to be fair, I still don’t know anything about it…

Also, because of Garrett’s discussion, I also found this blog and this. I was overwheled by the level of the discussion on this forum, and thought that my struck of luck couldn’t be over. Also kept r