We consider the parabolic Anderson problem on
with localized initial condition
and random i.i.d. potential . Under the assumption
that the distribution of has a double-exponential, or slightly
heavier, tail, we prove the following geometric characterization of
intermittency: with probability one, as , the overwhelming
contribution to the total mass comes from a slowly increasing
number of islands'' which are located far from each other. These islands’’
are local regions of those high exceedances of the field in a box of side
length for which the (local) principal Dirichlet eigenvalue of the
random operator is close to the top of the spectrum in the box. We
also prove that the shape of in these regions is nonrandom and that
is close to the corresponding positive eigenfunction. This is the
geometric picture suggested by localization theory for the Anderson
Hamiltonian.

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