Tag: Chaos Theory
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Antifragility
Nassim Nicholas Taleb’s antifragility describes systems that gain from stress, differentiating from mere resilience. This principle, applicable from biological to economic systems, underscores growth and adaptation amidst volatility and unpredictability.
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Lindy Effect
Originating from patterns noted at Lindy’s restaurant in New York, the Lindy Effect theorizes that the future lifespan of enduring entities, such as ideas, correlates with their current age. This concept offers a perspective on understanding persistence across various domains, from literature to technology.
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Principle of Least Action
In physics, the Principle of Least Action serves as a unifying framework that dictates a system’s dynamics through the minimization or stabilization of a specific integral, known as action. This principle offers valuable insights across various fields within physics.
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Ergodicity
Originating in thermodynamics, the concept of ergodicity posits that systems, over extended periods, equally traverse every possible state. Beyond its foundational role in physics, ergodicity impacts disciplines from mathematics to economics, shaping understanding of prolonged system dynamics.