physics. Hayek would notably explain that complex phenomena, through modeling, can only allow pattern predictions, compared with the precise predictions that can be made out of non-complex phenomena. Complexity and chaos theory Complexity theory is rooted in chaos theory, which in turn has its origins more than a century ago in the work of the French mathematician Henri Poincaré. Chaos is sometimes viewed as extremely complicated information, rather than as an absence of order. Chaotic systems remain deterministic, though their long-term behavior can be difficult to predict with any accuracy. With perfect knowledge of the initial conditions and the relevant equations describing the chaotic system's behavior, one can theoretically make perfectly accurate predictions of the system, though in practice this is impossible to do with arbitrary accuracy. Ilya Prigogine argued that complexity is non-deterministic and gives no way whatsoever to precisely predict the future. The emergence of complexity theory shows a domain between deterministic order and randomness which is complex. This is referred to as the "edge of chaos". When one analyzes complex systems, sensitivity to initial conditions, for example, is not an issue as important as it is within chaos theory, in which it prevails. As stated by Colander, the study of complexity is the opposite of the study of chaos. Complexity is about how a huge number of extremely complicated and dynamic sets of relationships can generate some simple behavioral patterns, whereas chaotic behavior, in the sense of deterministic chaos, is the result of a relatively small number of non-linear interactions. For recent examples in economics and business see Stoop et al. who discussed Android's market position, Orlando who explained the corporate dynamics in terms of mutual synchronization and chaos regularization of bursts in a group of chaotically bursting cells and Orlando et al. who modelled financial data (Financial Stress Index, swap and equity, emerging and developed, corporate and government, short and long maturity) with a low-dimensional deterministic model. Therefore, the main difference between chaotic systems and complex systems is their history. Chaotic systems do not rely on their history as complex ones do. Chaotic behavior pushes a system in equilibrium into chaotic order, which means, in other words, out of what we traditionally define as 'order'. On the other hand, complex systems evolve far from equilibrium at the edge of chaos. They evolve at a critical state built up by a history of irreversible and unexpected events,