Title: Double-trace deformation in Keldysh field theory

Abstract: The Keldysh formalism is capable of describing driven-dissipative dynamics of open quantum systems as nonunitary effective field theories that are not necessarily thermodynamical, thus often exhibiting new physics. Here, we introduce a general Keldysh action that maximally obeys Weinbergian constraints, including locality, Poincar\'e invariance, and two "$CPT$" constraints: complete positivity and trace preserving as well as charge, parity, and time reversal symmetry. We find that the perturbative Lindblad term responsible for driven-dissipative dynamics introduced therein has the natural form of a double-trace deformation $\mathcal{O}^2$, which, in the large $N$ limit, possibly leads to a new nonthermal conformal fixed point. This fixed point is IR when $\Delta<d/2$ or UV when $\Delta>d/2$ given $d$ the dimensions of spacetime and $\Delta$ the scaling dimension of $\mathcal{O}$. Such a UV fixed point being not forbidden by Weinbergian constraints may suggest its existence and even completion of itself, in contrast to the common sense that dissipation effects are always IR relevant. This observation implies that driven-dissipative dynamics is much richer than thermodynamics, differing in not only its noncompliance with thermodynamic symmetry (e.g., the fluctuation-dissipation relation) but its UV/IR relevance as well. Examples including a $(0+1)$-$d$ harmonic oscillator under continuous measurement and a $(4-\epsilon)$-$d$ classic $O(N)$ vector model with quartic interactions are studied.