Unity and Chaos theories
Are we close to a unified theory?
Secondly what is the Chaotic Theory?
The answer to your first question is no. We are not close to a unified
theory. So far the electromagnetic and weak forces have been unified
but we still have strong nuclear force and gravity to be unified.
Of these gravity is a very different kind of force and poses most problems.
Chaotic theory, or as it is better known, non-linear dynamics, studies
systems which are described by non-linear dynamics. These are very
hard to solve, and many times the systems have a peculiar behavior.
We assume that two systems having almost identical initial conditions
will always be in states close by. Non-linear dynamics has shown
that it need not be true, even for the simplest systems. This finds
its applications in many diverse situations.
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Update: June 2012