We present a counterexample to Ostrogradsky’s famous “no go” theorem as usually interpreted in quantum field theory (QFT), namely a four-derivative, UV-complete QFT with a consistent perturbative expansion which describes high energy scattering processes. We carefully quantize the theory on an space of states - a Krein space - using covariant methods which ensure perturbative causality and unitarity (in the form of the optical theorem) to all orders. We generalize the Born rule to Krein spaces and prove that all tree level transition probabilities are positive in spite of the presence of ghosts. A key role in the proof is played by a hidden “ghost parity” symmetry which becomes explicit when the theory is embedded in a two-derivative, two-field -symmetric perturbative field theory.

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