I have often heard that $R^2$ gravity (as studied by Stelle) is renormalisable but not unitary. My question is: what is it that causes the theory to suffer from problems with unitarity?
My naive understanding is that if the the Hamiltonian is hermitian then the $S$-matrix $$ \langle \text{out} \mid S \mid \text{in} \rangle = \lim_{T\to\infty} \langle \text{out} \mid e^{-iH(2T)} \mid \text{in} \rangle $$ must be unitary by definition. So why is this not the case for $R^2$ gravity?
I see that Luboš Motl has a nice discussion related to such things here, but I am not sure which, if any, of the reasons he mentions relate to $R^2$ gravity.
Are there other well known theories that have similar problems?
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