In this review the problem of statistical description of isolated quantum systems of interacting particles is discussed. Main attention is paid to a recently developed approach which is based on chaotic properties of compound states in the basis of non-interacting particles. In order to demonstrate the most important aspects of this approach, the matrix model of two-body random interaction between Fermi-particles has been used. Different problems have been considered such as the onset of chaos and statistical equilibrium, the relation between the structure of eigenstates and distribution of occupation numbers, the emergence of the Fermi-Dirac distribution in isolated systems of finite number of particles and many others. The application of the approach to dynamical systems with the classical limit is discussed as well.
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