We consider the 2-spin spherical Sherrington--Kirkpatrick model where the interactions between the spins are given as random variables with heavy-tailed distribution. We prove that the free energy exhibits sharp phase transition, depending on the location of the largest eigenvalue of the interaction matrix. We also prove the order of the limiting free energy and the limiting distribution of the fluctuation of the free energy for both regimes.
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Kim et al. (2024) studied this question.
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