Using Chaos Theory to Predict and Prevent Catastrophic 'Dragon King' Events | Complex systems and projects | Scoop.it

Stop a stock trade and avoid a catastrophic global financial crash. Seal a microscopic crack and prevent a rocket explosion. Push a button to avert a citywide blackout.

Though such situations are mostly fantasies, a new analysis suggests that certain types of extreme events occurring in complex systems – known as dragon king events – can be predicted and prevented.


Via Claudia Mihai, Complexity Digest