If we measure position of a quantum particle, we force its wavefunction to collapse into a wavefunction whose probability density is given by a Dirac delta function (all the probability density of position is "squeezed" into one point in space).
Immediately after the measurement the wavefunction starts to delocalise (spread over the space), but if we measure the position very quickly again, its outcome (new position) shouldn't be far from the previous position. Moreover, by the new measurement we "localise" the wave-function again into a new Dirac delta function.
So, it looks to me that in the limit of continuous position measurements (extremely frequent measurements) the positions of the particle should form a continuous but stochastic trajectory that is probably described by a stochastic differential equation. Is it true? And, if it is the case, how does this equation look? What is its name?
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Is Balavkin equation a correct way to go? It looks like it describe a case of continuous measurement and, in particular, a case of continuous measurement of position is considered? Does this equation address some special (unrealistic) case? Is it based on some (unrealistic) assumptions?