1993 | OriginalPaper | Chapter
Economic Structure of the 21st Century
Author : Åke E. Andersson
Published in: The Cosmo-Creative Society
Publisher: Springer Berlin Heidelberg
Included in: Professional Book Archive
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A number of mathematical studies have shown that predicting the future with the assistance of non-linear models can be an exceedingly risky task. Even dynamic simulation models with a not too complex structure can give rise to unpredictability, meaning that even a very small change of some parameter or initial value can lead to a completely different prediction. Non-linearity breeds chaos.