Scheme Independence and the Exact Renormalization Group

We compute critical exponents in a $Z_2$ symmetric scalar field theory in three dimensions, using Wilson's exact renormalization group equations expanded in powers of derivatives. A nontrivial relation between these exponents is confirmed explicitly at the first two orders in the derivative expansion. At leading order all our results are cutoff independent, while at next-to-leading order they are not, and the determination of critical exponents becomes ambiguous. We discuss the possible ways in which this scheme ambiguity might be resolved.