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<p>The study of photochemical reaction dynamics requires accurate as well
as computationally efficient electronic structure methods for the ground
and excited states. While time-dependent density functional theory
(TDDFT) is not able to capture static correlation, complete active space
self-consistent field (CASSCF) methods neglect much of the dynamic
correlation. Hence, inexpensive methods that encompass both static and
dynamic electron correlation effects are of high interest. Here, we
revisit hole-hole Tamm-Dancoff approximated (<i>hh</i>-TDA) density functional
theory for this purpose. The <i>hh</i>-TDA method is the hole-hole counterpart
to the more established particle-particle TDA (<i>pp</i>-TDA) method, both of
which are derived from the particle-particle random phase approximation
(<i>pp</i>-RPA). In <i>hh</i>-TDA, the <i>N</i>-electron electronic states are obtained
through double annihilations starting from a doubly anionic (<i>N</i>+2
electron) reference state. In this way, <i>hh</i>-TDA treats ground and excited
states on equal footing, thus allowing for conical intersections to be
correctly described. The treatment of dynamic correlation is introduced
through the use of commonly-employed density functional approximations
to the exchange-correlation potential. We show that hh-TDA is a
promising candidate to efficiently treat the photochemistry of organic
and biochemical systems that involve several low-lying excited states –
particularly those with both low-lying pipi* and npi* states where
inclusion of dynamic correlation is essential to describe the relative
energetics. In contrast to the existing literature on <i>pp</i>-TDA and <i>pp</i>-RPA,
we employ a functional-dependent choice for the response kernel in <i>pp</i>-
and <i>hh</i>-TDA, which closely resembles the response kernels occurring in linear response and collinear spin-flip TDDFT.</p>
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