I made some notes based on slides David Gross presented at a string conference; unfortunately I cannot find the slides, so here are the notes:
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WHAT IS THE NATURE OF STRING PERTURBATION THEORY?
Our present understanding of string theory has been restricted to perturbative treatments. Does this perturbation theory converge? Most likely it does not. In that case when does it give a reliable asympototic expansion of physical quantities? How can one go beyond perturbation theory and what is the nature of nonperturbative string dynamics? This question is particularly difficult since we currently lack a useful nonperturbative formulation of the theory.
STRING PHENOMENOLOGY
Here there are many questions that can all be summarized by asking whether one can construct a totally realistic four-dimensional model which is consistent with string theory and agrees with observation?
Great progress, but still not constructed.
WHAT PICKS THE CORRECT VACUUM?
This is one of the great mysteries of the theory which appears, at least when treated perturbatively, to possesses an enormous number of acceptable (stable) vacuum states. Why, for example, don’t we live in ten dimensions? Does the theory possesses a unique vacuum, in which case all dimensionless physical parameters would be calculable or is the vacuum truly degenerate, in which case we would have free parameters? How does the value of the dilaton field get fixed, thereby giving the dilaton a mass? Does the vanishing of the cosmological constant survive the mechanism that lifts the vacuum degeneracy?
The crucial issue is still unresolved: The cosmological Constant
IS THERE A MEASURABLE, QUALITATIVE, DISTINCTIVE PREDICTION OF STRING THEORY?
String theories can, in principle, make many “postdictions” (such as the calculation of the mass ratios of quarks and leptons, Higgs masses and couplings, gauge couplings, etc.). They can also make many new predictions (such as the masses of the supersymmetric partners of the observed particles, new gauge interactions, etc.) These would be sufficient to establish the validity of the theory, however in each case one can imagine (although with some difficulty) conventional field theories coming up with similar pre or post dictions. It would be nice to predict a phenomenon, which would be accessible at observable energies and is uniquely characteristic of string theory.
WHAT IS STRING THEORY?
This is a strange question since we clearly know what string theory is to the extent that we can construct the theory and calculate some of its properties. However our construction of the theory has proceeded in an ad hoc fashion, often producing, for apparently mysterious reasons, structures that appear miraculous. It is evident that we are far from fully understanding the deep symmetries and physical principles that must underlie these theories. It is hoped that the recent efforts to construct covariant second quantized string field theories will shed light on this crucial question.
What is the fundamental formulation of string theory?
Quantum Space of all 2-d field theories
Second Quantized Functionals of loops (SFT)
M-theory . . .
Is string theory a framework, not a theory?
What is missing?