The Mézard–Parisi formula for diluted spin glasses

We prove the Mézard–Parisi hierarchical cavity formula for diluted even-arity Ising models in the Panchenko–Talagrand class. This resolves the variational equality conjecture for that class: the limiting pressure equals the infimum of the trial functional over all finite hierarchy depths and trial laws. Only first moments of the interaction and external field are required.