Chaos theory

Chaos theory,

Definition of Chaos theory:

  1. Chaos theory is a mathematical concept that explains that it is possible to get random results from normal equations. The main precept behind this theory is the underlying notion of small occurrences significantly affecting the outcomes of seemingly unrelated events. Chaos theory is also referred to as "non-linear dynamics.".

  2. Mathematical framework for understanding irregular and erratic fluctuations in economic cycles, financial markets, weather, other complex phenomenon, or non-linear systems with many variables. It suggests that small changes in the starting conditions produce outcomes totally out of proportion to their magnitude, making the phenomenon or system inherently unpredictable in the long term. Based largely on the work of French mathematician Jules Henri Poincaré (1854-1912). Also called chaology. See also chaotic system.

  3. Chaos theory has been applied to many different things, from predicting weather patterns to the stock market. Simply put, chaos theory is an attempt to see and understand the underlying order of complex systems that may appear to be without order at first glance.

Meaning of Chaos theory & Chaos theory Definition