Abstract
It has often been pointed out that a much more manageable structure is obtained from quantum theory if the time parameter t is chosen imaginary instead of real. Under a replacement of t by i·t the Schrödinger equation turns into a generalized heat equation, time ordered correlation functions transform into the moments of a probability measure, etc. More recently this observation has become extremely important for the construction of quantum dynamical models, where criteria were developed by E. Nelson, by K. Osterwalder and R. Schrader and others [8] which would permit the reverse transition to real time after one has constructed an imaginary time (“Euclidean”) model.

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