Invited talk: an abridged version of two very recent Physical Review B papers consisting of Titov et al. In the first one it is shown how the analogy of the inertial magnetization Langevin equation with that pertaining to a current carrying loop can be used to write the corresponding Fokker-Planck equation in phase space. In paper II it is shown how the analogy with a symmetric top allows one to calculate inertial magnetization observables in the zero damping limit.
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