Abstract
We propose a simple string bit formalism for interacting strings in a plane wave background, in terms of supersymmetric quantum mechanics with a symmetric product target-space. We construct the light-cone supersymmetry generators and hamiltonian at finite string coupling. We find a precise match between string amplitudes and the non-planar corrections to the correlation functions of BMN operators computed from gauge theory, and conjecture that this correspondence extends to all orders in perturbation theory. We also give a simple RG explanation for why the effective string coupling is g2 = J2/N instead of gs = gym2.
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