Chaos Theory and Retirement Planning, Part 1: How Small Changes Can Make a Big Difference
Sometimes referred to as “the butterfly effect” in popular culture, chaos theory is actually the science of surprises — a highly interesting and popular area of study that deals with randomness and unpredictability, and how these concepts affect complex systems like extreme weather and the stock market. One key principle of this theory states that the smallest alteration in a process can create a massive shift in the outcome. So [...]