The exponential tail of inflationary fluctuations: consequences for primordial black holes
Jose Mar\'ia Ezquiaga, Juan Garc\'ia-Bellido, Vincent Vennin

TL;DR
This paper investigates the highly non-Gaussian exponential tails of inflationary fluctuations and their impact on primordial black hole formation, revealing that standard models may significantly underestimate black hole abundance.
Contribution
It introduces a novel framework using the stochastic-$ ext{delta}N$ formalism to accurately compute the exponential tails of inflationary perturbation distributions.
Findings
Exponential tails dominate the distribution of inflationary fluctuations.
Primordial black hole abundance can be orders of magnitude higher than standard estimates.
Potentials with inflection points tend to overproduce primordial black holes unless slow roll is broken.
Abstract
The curvature perturbations produced during an early era of inflation are known to have quasi-Gaussian distribution functions close to their maximum, where they are well constrained by measurements of the cosmic microwave background anisotropies and of the large-scale structures. In contrast, the tails of these distributions are poorly known, although this part is the relevant one for rare, extreme objects such as primordial black holes. We show that these tails are highly non-Gaussian, and cannot be described with standard non-Gaussian expansions, that are designed to approximate the distributions close to their maximum only. Using the stochastic- formalism, we develop a generic framework to compute the tails, which are found to have an exponential, rather than Gaussian, decay. These exponential tails are inevitable, and do not require any non-minimal feature as they simply…
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