Butterfly Effect

What is Butterfly Effect ?

  
The ‘Butterfly Effect’ hypothesizes that small changes in the initial conditions of a system will lead to catastrophic changes in the future. The term was coined by American mathematician, Edward Norton Lorenz, who is known as the father of the Chaos Theory.
 
It is named as ‘Butterfly Effect’ due to the example given for explaining the same. The example cites that a butterfly fluttering its wings would eventually lead to the formation of a hurricane.
 
The idea is one of the inherent components of chaos theory, as it is instrumental in understanding how a seemingly insignificant change will lead to major variations down the line.

More HR Terms

Carve-out

What is Carve-out?   A ‘Carve-out’ is a kind of reorganization of the company, wherein a company creates a sister concern and makes it public,

Assessment Year

In recent years, due to rapid technological improvisation, tax filing within the estimated timeline has become important for every taxpayer. Before commencing tax filing and

Contact Us

Contact Us