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In practice, usually one of the parameters is tuned (for example temperature in 3D Ising model, which is a relevant parameter) so that it coincides with the value of RG fixed point, then RG flow make sure the remaining irrelevant parameter flows to the fixed point.

Now suppose we have a theory where we have solved the fixed point exactly. We tune the relevant parameters and let the RG bring the system to the fixed point. Would that necessarily be a second-order phase transition point?

Qmechanic
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1 Answers1

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For starters, fixed points need not to be critical points, they can also correspond to phases. For example, in the Ising model case there are fixed points at $T=\infty$ and $T=0$, corresponding to the disordered and ordered phases respectively. You can also have a critical pahse like a BKT phase, where each temperature within the phase is a fixed point in RG, so here they don't correspond to a critical point, but a critical phase.