Peaks theory and the excursion set approach
Aseem Paranjape (ICTP), Ravi K. Sheth (ICTP, U.Penn)

TL;DR
This paper introduces a combined model of dark matter halo formation that integrates peaks theory and the excursion set approach, accounting for correlations and nonlocal effects to improve predictions of halo abundance and clustering.
Contribution
It develops a unified formalism for peaks and excursion sets, providing new expressions for mass function and bias, including a k-dependent bias factor due to nonlocality.
Findings
Linear halo bias factor is k-dependent due to nonlocal effects.
Model predicts little need for rescaling delta_c at high masses.
Provides a unified framework applicable to large-scale structure analyses.
Abstract
We describe a model of dark matter halo abundances and clustering which combines the two most widely used approaches to this problem: that based on peaks and the other based on excursion sets. Our approach can be thought of as addressing the cloud-in-cloud problem for peaks and/or modifying the excursion set approach so that it averages over a special subset, rather than all possible walks. In this respect, it seeks to account for correlations between steps in the walk as well as correlations between walks. We first show how the excursion set and peaks models can be written in the same formalism, and then use this correspondence to write our combined excursion set peaks model. We then give simple expressions for the mass function and bias, showing that even the linear halo bias factor is predicted to be k-dependent as a consequence of the nonlocality associated with the peak constraint.…
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