Theoretical particle physics research - simulations and theory

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Research in theoretical particle physics, particularly in areas like Lattice QCD, often emphasizes computational methods, with many researchers dedicating significant time to developing and running complex code. While numerical simulations are prevalent across the field, there remains a niche for more formal theoretical work, although it requires extensive mathematical training. The discussion highlights a tension between the computational and formal aspects of research, noting that the formal side is less populated due to the high level of mathematical expertise required. The funding landscape for formal theoretical physicists is contrasted with that of mathematicians, suggesting that financial support exists but may be influenced by broader political dynamics within academia.
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I have just embarked upon a PhD in Lattice QCD. I'm wondering, what is research like in other areas of theoretical particle physics? Lattice is highly computational and fairly light on theory so it seems a lot of people in the field spend quite a bit of time making/updating and running large amounts of code. Does most research in theoretical particle physics involve numerical simulations to a large extent? Is there anyone that still does things with good old pen and paper apart from maybe string theorists?

I say this because I guess I like the formal side of things more than the computational part which I find kind of mechanical. But it seems that most research in theoretical particle physics involves a fair amount of numerical simulations, so it is kinda inescapable.
 
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The problem is that working 'on the more formal side of things' takes a tremendous amount of mathematical background these days, the equivalent of several years of graduate math classes. Even though there are not many people doing this stuff relatively, that is not because of money* but because people who have a sufficient background are rare.

*If formal theoretical physicists could not find funding, then how could any mathematicians find funding at all! Unless this were all some kind of political game with semi-arbitrary rules and initial conditions, which it is.
 
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