In this MO-Post I found the following theorem
A real closed field $(F,+,\cdot,1,0,<)$ is $\kappa$-saturated if and only if the order $(F,<)$ is $\kappa$-saturated, i.e. if the order is $\eta_\alpha$ for $\kappa=\aleph_\alpha$.
together with a proof given by Simpson (here with adjusted notation)
By Tarski's result on quantifier elimination for real closed ordered fields, any subset of $F$ which is definable over $F$ allowing parameters from $F$ is a finite union of intervals, all of whose endpoints are in $F\cup\{\pm\infty\}$. But then Tychonoff's theorem plus $\kappa$-saturation of $(F,<)$ implies that any family of $<\kappa$ such sets has the finite intersection property. Hence $F$ is $\kappa$-saturated.
But I don't really understand this proof. First of all for me $\kappa$-saturation means that for all $A\subseteq F$ with $|A|<\kappa$ all $1$-types in $S^F_1(A)$ are realized in $F$ and I think this is equivalent to the statement that for any family of definable subsets $(D_\alpha)_{\alpha<\lambda}$ of size $\lambda<\kappa$ with the finite intersection property $\bigcap_{\alpha<\lambda} D_\alpha\neq\emptyset$.
- So shouldn't the conclusion in the proof read "any family of $<\kappa$ such sets with the finite intersection property has nonempty intersection"? and
- Could you explain how exactly this follows from Tychonoffs Theorem and $\kappa$-saturation of the order?
First of all, this statement is only true for $\kappa>\aleph_0$. For any real closed field $F$, the reduct $(F,<)$ is a dense linear order without endpoints, and every such order is $\aleph_0$-saturated. But there are certainly real closed fields which are not $\aleph_0$-saturated. For example, $\mathbb{R}$ does not realize the partial type $\{x>n\in \omega\}$ over the empty set (where each natural number $n$ is $1+1+\dots+1$). So let's assume $\kappa$ is uncountable.
To your questions:
My guess is that Simpson just meant to write "any family of $<\kappa$ such sets with the finite intersection property has nonempty intersection."
I have no idea how Tychonoff's Theorem is relevant here (is there another statement called Tychonoff's Theorem other than the fact that a product of compact spaces is compact?).
Here's how I would write the argument: Clearly if $(F,+,\cdot,0,1,<)$ is $\kappa$-saturated, then its reduct $(F,<)$ is $\kappa$-saturated. For the converse, let $p$ be a type in one free variable in the language of fields over $|A|$ with $|A|<\kappa$. So $|p|<\kappa$. By Tarski's theorem (i.e. by o-minimality), every formula $\varphi$ in $p$ is equivalent to a formula $\varphi'$ in the language of order, possibly with other parameters. Let $p' = \{\varphi'\mid \varphi\in p\}$, and let $A'$ be the set of all parameters appearing in $p'$. Then $|A'|<\kappa$. $p$ is consistent (has the finite intersection property), and the formulas in $p'$ are equivalent to the formulas in $p$, so $p'$ is consistent too, so $p'$ is realized in $(F,<)$, by $\kappa$-saturation, and hence $p$ is realized in $F$ as well.
Where did we use the assumption that $\kappa>\aleph_0$? Hint: it was in the computation that $|p|<\kappa$.
Closely connected to this is your comment:
The property you described in the quote above is called "$\kappa$-compactness". $\kappa$-compactness is equivalent to $\kappa$-saturation when $\kappa>|L|$. The problem is that when $\kappa\leq |L|$, it's possible to find complete types $p$ over $<\kappa$ parameters with $|p| = |L| \geq \kappa$. So $\kappa$-saturated is strictly stronger than $\kappa$-compact for small $\kappa$. Here $L$ is the size of the language (the cardinality of the set of all formulas). So for real closed fields, $|L| = \aleph_0$.