The standard single-shot estimate for the phase of a single-mode pulse
of light is the argument of the complex amplitude of the field. This
complex amplitude can be measured by heterodyne detection, in which th
e local oscillator is detuned from the system so that all quadratures
are sampled equally. Because different quadratures do not commute, suc
h a measurement introduces noise into the phase estimate, with a varia
nce scaling as N-1, where N is the maximum photon number. This represe
nts the shot-noise limit or standard quantum limit (SQL). Recently, on
e of us [H.M. Wiseman, Phys. Rev. Lett. 75, 4587 (1995)] proposed a wa
y to improve upon this: a real-time feedback loop can control the loca
l oscillator phase to be equal to the estimated system phase plus pi/2
, so that the phase quadrature of the system is measured preferentiall
y. The phase estimate used in the feedback loop at time t is a functio
nal of the photocurrent from time 0 up to time t in the single-shot me
asurement. In this paper we consider a very simple feedback scheme inv
olving only linear electronic elements. Approaching the problem from s
emiclassical detection theory, we obtain analytical results for asympt
otically large photon numbers. Specifically, we are able to show that
the noise introduced by the measurement has a variance scaling as N-3/
2. This is much less than the SQL variance, but still much greater tha
n the minimum intrinsic phase variance which scales as N-2. We briefly
discuss the effect of detector inefficiencies and delays in the feedb
ack loop.