IR Wilson-Fisher fixed point

At the end of the day, everything about RG flows, in any number of coupling-dimensions, can be understood by considering general flow equations on a manifold. A flow is defined only by a vector field which is defined everywhere on the manifold. A fixed point of such a flow is always a location where the vector field vanishes.

In the special case of the RG flow, the components of the defining vector field are the beta functions. Because a fixed point is defined only in terms of the vector field, we only need the beta functions to determine whether a given set of couplings define a fixed point.

However, IR and UV fixed points are defined to be fixed point which terminate paths (along the RG flow) as we either run to low or high energy. Because these are defined in terms of paths, it is not sufficient to only know the beta functions. We also need an initial condition for the path we are considering.

So given a specific set of couplings as an initial point in the coupling space, we can flow to a fixed point and then determine whether this fixed point is IR or UV with respect to the chosen initial condition. This leads us to consider basins of attraction for the fixed points -- the collection of all points which flow (either up or down) to a given fixed point.

Though flows are generically very simple in one dimension, it's necessary to think about 2 or more dimensions in order to really start seeing the variety and complexity that can result from flows. Not all conclusions drawn from a one dimensional example carry to higher dimensions.

Being IR or UV is not a property of the fixed point by itself but rather in reference to a trajectory of the RG. Excluding the possibility of limit cycles, a complete RG trajectory must start at a UV fixed point and end at an IR fixed point. Often the UV fixed point is the trivial or Gaussian one whereas nontrivial fixed points like WF in 3d arise as IR fixed points. However, there is an RG trajectory (predicted by Wilson himself) which starts at the WF fixed point and goes in the mass direction towards the high temperature fixed point. This corresponds to a massive QFT which behaves at short distances like the 3d Ising CFT. From the point of view of this exotic trajectory, the WF fixed point is a UV fixed point.

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To help illustrate my comment below, here is schematic picture:

The $g$ is the $phi^4$ coordinate, $mu$ is the mass or $phi^2$ coordinate. The $R$ combines all the irrelevant directions. The fixed point on the right can be thought of as the WF fixed point. From the point of view of the horizontal trajectory arriving to it from the Gaussian fixed point on the left, the WF f.p. is an IR f.p. From the point of view of the trajectory going straight up on the right, the WF f.p. is a UV f.p. The high temperature f.p. is outside the frame. The drawn surface is the set of critical or massless theories where the correlation length is infinite.