Edward Lorenz and the Discovery of the Butterfly Effect - Deepstash

Edward Lorenz and the Discovery of the Butterfly Effect

In an experiment to model a weather prediction, Edward Lorenz ( a meteorologist and a mathematician) entered the initial condition as 0.506, instead of 0.506127.

The result was surprising: a somewhat different prediction. From this, he deduced that the weather must turn on a dime. A tiny change in the initial conditions had enormous long-term implications

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syedprincy

Dental Student🦷 An aspiring Doctor striving towards the path of righteousness.⚕

The butterfly effect is an often misunderstood phenomenon wherein a small change in starting conditions can lead to vastly different outcomes. Understanding the butterfly effect can give us a new lens through which to view business, markets, and more.

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The Butterfly Effect

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Tiny, minute changes in the initial conditions, circumstances and events can have a huge, outsized impact on the final outcome.

The Butterfly Effect, which was made mainstream by the 2004 movie of the same name, takes into account the power of a tiny thing, event or action...

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