A note on black hole entropy and wormhole instabilities

A bstract We discuss recent approaches to the computation of black hole entropies through semiclassical estimates of appropriate state overlaps, saturated by Euclidean wormhole configurations. We notice that the relevant saddle-point manifolds may exhibit instabilities, thereby compromising the interpretation of the Euclidean path integral as a tool for computing positive-definite inner products. We show that a proper treatment using a microcanonical formulation effectively addresses the puzzles posed by these instabilities.