APPLICATION OF CHAOS THEORY IN DIFFERENT FIELDS - A LITERATURE REVIEW

Abstract

This comprehensive literature review delves into the multifaceted world of Chaos Theory and its pervasive applications across a wide spectrum of disciplines, including meteorology, economics, biology, engineering, medicine and social sciences. Chaos Theory's core principles, such as sensitivity to initial conditions and the discovery of hidden order within apparent chaos, are explored in-depth. This analysis delves into the intricate interconnections between Chaos Theory and dynamical systems, elucidating their shared objective of elucidating complex and dynamic phenomena. The research also investigates the application of the chaotic method as a problem-solving approach that acknowledges the inherent uncertainty and unpredictability of complex systems. The aforementioned approach is gaining traction in the realms of business, economics and the social sciences, despite facing criticism. The present study demonstrates the continued relevance of Chaos Theory in the contemporary era, as evidenced by its capacity to generate novel insights, provide comprehension of intricate scenarios and foster innovative advancements. The aforementioned aspect remains highly significant in addressing contemporary challenges and opportunities, as it profoundly influences our perception of the evolving global landscape in which we reside.