The low-energy eigenstates of two interacting electrons in a square quantum
dot in a magnetic field are determined by numerical diagonalization. In th
e strong correlation regime, the low-energy eigenstates show Aharonov-Bohm-
type oscillations, which decrease in amplitude as the field increases. Thes
e oscillations, including the decrease in amplitude, may be reproduced to g
ood accuracy by an extended Hubbard model in a basis of localized one-elect
ron Hartree states. The hopping matrix element t comprises the usual kineti
c energy term plus a term derived from the Coulomb interaction. The latter
is essential to get good agreement with exact results. The phase of t gives
rise to the usual Peierls factor, related to the flux through a square def
ined by the peaks of the Hartree wave functions. The magnitude of t decreas
es slowly with magnetic field as the Hartree functions become more localize
d, giving rise to the decreasing amplitude of the Aharonov-Bohm oscillation
s.