A phase transition indicates a sudden change in the properties of a large system. For temperaturedriven phase transitions this is related to non-analytic behavior of the free energy density at the critical temperature: The knowledge of the free energy density in one phase is insufficient to predict the properties of the other phase. In this paper we show that a close analogue of this behavior can occur in the real time evolution of quantum systems, namely non-analytic behavior at a critical time. We denote such behavior a dynamical phase transition and explore its properties in the transverse field Ising model. Specifically, we show that the equilibrium quantum phase transition and the dynamical phase transition in this model are intimately related.

Motivated by recent experiments in ultracold atomic gases that explore the nonequilibrium dynamics of interacting quantum many-body systems, we investigate the opposite limit of Landau's Fermi-liquid paradigm: We study a Hubbard model with a sudden interaction quench, that is, the interaction is switched on at time t=0. Using the flow equation method, we are able to study the real time dynamics for weak interaction U in a systematic expansion and find three clearly separated time regimes: (i) An initial buildup of correlations where the quasiparticles are formed. (ii) An intermediate quasi-steady regime resembling a zero temperature Fermi liquid with a nonequilibrium quasiparticle distribution function. (iii) The long-time limit described by a quantum Boltzmann equation leading to thermalization of the momentum distribution function with a temperature T proportional, variantU.

We consider quantum quenches in an integrable quantum chain with tuneable-integrabilitybreaking interactions. In the case where these interactions are weak, we demonstrate that at intermediate times after the quench local observables relax to a prethermalized regime, which can be described by a density matrix that can be viewed as a deformation of a generalized Gibbs ensemble. We present explicit expressions for the approximately conserved charges characterizing this ensemble. We do not find evidence for a crossover from the prethermalized to a thermalized regime on the time scales accessible to us. Increasing the integrability-breaking interactions leads to a behavior that is compatible with eventual thermalization.

We study the spin-boson model with a sub-Ohmic bath using infinitesimal unitary transformations. Contrary to some results reported in the literature we find a zero temperature transition from an untrapped state for small coupling to a trapped state for strong coupling. We obtain an explicit expression for the renormalized level spacing as a function of the bare papameters of the system. Furthermore we show that typical dynamical equilibrium correlation functions exhibit an algebaric decay at zero temperature.

We study the Kondo effect in quantum dots in an out-of-equilibrium state due to an applied dc-voltage bias. Using the method of infinitesimal unitary transformations ("flow equations"), we develop a perturbative scaling picture that naturally contains both equilibrium coherence and nonequilibrium decoherence effects. This framework allows one to study the competition between Kondo effect and current-induced decoherence, and it establishes a large regime dominated by single-channel Kondo physics for asymmetrically coupled quantum dots.