We discuss both the restricted path integral (RPI) and the wave equation (WE) techniques in the theory of continuous quantum measurements. We intend to make Mensky's fresh review complete by transforming his "effective" WE with complex Hamiltonian into Ito-differential equations.
The restricted-path-integral (RPI) theory of continuous quantum measurements including the evolution of the measured systems and phenomenon of decoherence is reviewed. The measured system is considered as an open quantum system but without usage of any model of the measurement (of the measuring medium or the system's environment). The propagator of a measured system (conditioned by the measurement readout) is presented by RPI. In the important special case of monitoring an observable the propagator and the system's wave function satisfy Schroedinger equation with a complex Hamiltonian (depending on the measurement readout). Going over to the non-selective description of the measurement leads to the Lindblad master equation. In case of non-minimally disturbing measurements this gives theory of dissipative systems avoiding difficulties of other approaches. The whole theory is deduced from first principles of quantum mechanics. This proves that quantum mechanics includes theory of measurements and is therefore conceptually closed.
The restricted-path-integral (RPI) description of a continuous quantum measurement is rederived starting from the description of an open system by the Feynman-Vernon influence functional. For this end the total evolution operator of the compound system consisting of the open system and its environment is decomposed into the sum of partial evolution operators. Accordingly, the influence functional of the open system is decomposed into the integral of partial influence functionals (PIF). If the partial evolution operators or PIF are chosen in such a way that they decohere (do not interfere with each other), then the formalism of RPI effectively arises. The evolution of the open system may then be interpreted as a continuous measurement of this system by its environment. This is possible if the environment is macroscopic or mesoscopic.