Rough path theory, invented by T. Lyons, is a successful and general method for
solving ordinary or stochastic differential equations driven by irregular
H\"older paths, relying on the definition of a finite number of
substitutes of iterated integrals satisfying definite algebraic and regularity
properties.
Although
these are known to exist, many questions are still open, in
particular: (1) "how many" possible choices are
there ? (2) how to construct one explicitly ?
(3) what is the connection to "true" iterated integrals
obtained by an approximation scheme ?
In a series of papers, we (1) showed that
"formal" rough paths (leaving aside
regularity)
were exactly determined by so-called "tree data"; (2) gave several
explicit constructions, the most recent ones relying on quantum field
renormalization methods; (3) obtained with J. Magnen (Laboratoire de Physique
Theorique, Ecole Polytechnique) a L\'evy
area for fractional Brownian motion with Hurst index <1/4 as the limit in
law of iterated integrals of a
non-Gaussian interacting process, thus calling for a redefinition of the
process itself. The latter construction
belongs to the field of high energy physics, and as such established by using
constructive field theory and renormalization; it should extend to a general
rough path (work in progress).