A recent experiment on a model of chaos has revealed that it might be possible to predict an extreme event, like a stock market collapse, and prevent it from happening.
An international team of chaos researchers said that these extreme events, which they call "dragon kings," are less random than had been thought and they can be anticipated and controlled in a simple experiment.
The latest finding is based on the experimental work of Dan Gauthier, the Robert C. Richardson professor of physics at Duke University, with simple electrical circuits.
The data reveals that the chaotic behavior visits 'hot spots' in which an extreme event, called "a bubble," might occur.
Extreme events that may be governed by these laws would include sudden population crashes in species or freak waves in the ocean.
