A heuristic for ray class groups of quadratic number fields

We formulate a model for the average behaviour of ray class groups of real quadratic fields with respect to a fixed rational modulus, locally at a finite set $S$ of odd primes. To that end, we introduce Arakelov ray class groups of a number field, and postulate that, locally at $S$, the Arakelov ray class groups of real quadratic fields are distributed randomly with respect to a natural Cohen–Lenstra type probability measure. We show that our heuristics imply the Cohen–Lenstra heuristics on class groups of real quadratic fields, as well as equidistribution results on the fundamental unit of a real quadratic field modulo an integer, and are consistent with Varma’s results on average of sizes of $3$-torsion subgroups of ray class groups of quardratic fields.