“The real world as we know it happens at energies well below the Planck scale, so it is very well described by effective field theory. There is a continuous infinity of consistent effective field theories. Remarkably, only a measure zero fraction of those seem to be obtainable from string theory. These effective field theories arise as low energy descriptions of certain "vacua" of string theory, which in some approximation schemes can be thought of as solutions to the equations of motion for the compactification space.”
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