Itinerant Ferromagnetism in an Ultracold Atom Fermi Gas

We address the possible occurrence of ultracold atom ferromagnetism by evaluating the free energy of a spin polarized Fermi gas to second order in its interaction parameter. We find that Hartree-Fock theory underestimates the tendency toward ferromagnetism, predict that the ferromagnetic transition is first order at low temperatures, and point out that the spin coherence time of gases prepared in a ferromagnetic state is strongly enhanced as the transition is approached. We relate our results to recent experiments.