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We present arguments, based on local gauge invariance, that the multicritical point of Ising spin-glasses should be located on a particular line of the phase diagram known as Nishimori's line [tanh(βJ)=2p-1 for the ±J distribution]. One scaling axis is along the line, and the other is along the temperature direction. This scenario is generic for any random Ising model with a Nishimori line, in any number of dimensions, if the transitions are second order. The renormalization-group fixed point located inside Nishimori's manifold is expected to control multicriticality for a wider class of models.
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Doussal et al. (1988) studied this question.
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