Complexity Explorer Santa Few Institute

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phase transition

These are state changes in the underlying system - when you change the macroscopic variables of a system sometimes its properties will abruptly change, often in a dramatic way.  These transitions may be reversible (such as the transitions between bear and bull markets or water freezing and thawing) or unidirectional (such as the development of Type II diabetes or combustion). 


Topics
Statistical Physics, Chemistry, Economics