Lacoin–Rhodes–Vargas left-tail conjecture for derivative Gaussian multiplicative chaos

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Let D⊂RdD\subset\mathbb{R}^d and let a log-correlated Gaussian field on DD admit a smooth white noise decomposition. Denote its derivative Gaussian multiplicative chaos by D∞(γ‾)\mathcal{D}_\infty(\mkern 1.5mu\overline{\mkern-1.5mu\gamma\mkern-1.5mu}\mkern 1.5mu), and let γ‾c\mkern 1.5mu\overline{\mkern-1.5mu\gamma\mkern-1.5mu}\mkern 1.5mu_c be the critical parameter. Lacoin–Rhodes–Vargas' left-tail conjecture. For every γ‾∈(0,γ‾c)\mkern 1.5mu\overline{\mkern-1.5mu\gamma\mkern-1.5mu}\mkern 1.5mu\in(0,\mkern 1.5mu\overline{\mkern-1.5mu\gamma\mkern-1.5mu}\mkern 1.5mu_c),

−log⁡P(D∞(γ‾)<−v)≍v(γ‾c/γ‾)2.-\log \mathbf{P}(\mathcal{D}_\infty(\mkern 1.5mu\overline{\mkern-1.5mu\gamma\mkern-1.5mu}\mkern 1.5mu)<-v)\asymp v^{(\mkern 1.5mu\overline{\mkern-1.5mu\gamma\mkern-1.5mu}\mkern 1.5mu_c/\mkern 1.5mu\overline{\mkern-1.5mu\gamma\mkern-1.5mu}\mkern 1.5mu)^2}.

This conjecture sharpens the previously known sub-Gaussian left-tail bound in the L4L^4 regime γ‾∈(0,γ‾c/2)\mkern 1.5mu\overline{\mkern-1.5mu\gamma\mkern-1.5mu}\mkern 1.5mu\in(0,\mkern 1.5mu\overline{\mkern-1.5mu\gamma\mkern-1.5mu}\mkern 1.5mu_c/2) and predicts the left-tail exponent throughout the entire subcritical regime. The supplied source does not state that the conjecture has been resolved.

References

Primary source

Xinxin Chen, Yichao Huang and Heng Ma, “Left Tail of the Derivative Martingale in a Gaussian BRW in the Entire Subcritical Regime”, arXiv:2508.11983 (2026).

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