Abstract
In the local potential approximation, the renormalization group is reduced to a differential equation. We study the general properties of the equation and in particular we show that the RG flow is the gradient of a scalar function. Then, the differential equation is solved numerically for two classes of models. The first one is that of the usual n-component Heisenberg models and serves as a quantitative test of the approximation. More challenging are the Stiefel non-linear σ-models V n,2 which are used to describe a phase transition with a symmetry O( n) broken down to O( n−2). For these models, the usual RG perturbative expansions fail. Reliable three-dimensional critical behaviors are obtained using the local potential approximation. In particular, the model V 3,2 in three dimensions is of physical interest: it possesses an almost second order transition with v = 0.63
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