Some mathematical mappings involving a single linear parameter exhibit the apparently random behavior known as chaos when the parameter lies within certain ranges. As the parameter is increased towards this region, the mapping undergoes bifurcations at precise values of the parameter. At first there is one stable point, then bifurcating to an oscillation between two values, then bifurcating again to oscillate between four values and so on. In 1975, Dr. Feigenbaum, using the small HP-65 calculator he had been issued, discovered that the ratio of the difference between the values at which such successive period-doubling bifurcations occur tends to a constant of around 4.6692... He was able to provide a mathematical proof of that fact, and he then showed that the same behavior, with the same mathematical constant, would occur within a wide class of mathematical functions, prior to the onset of chaos. For the first time, this universal result enabled mathematicians to take their first steps to unraveling the apparently intractable "random" behavior of chaotic systems. This "ratio of convergence" is now known as the first Feigenbaum constant. The logistic map is a prominent example of the mappings that Feigenbaum studied in his noted 1978 article: Quantitative Universality for a Class of Nonlinear Transformations. Feigenbaum's other contributions include important new fractal methods in cartography, starting when he was hired by Hammond to develop techniques to allow computers to assist in drawing maps. The introduction to the Hammond Atlas states:
Using fractal geometry to describe natural forms such as coastlines, mathematical physicist Mitchell Feigenbaum developed software capable of reconfiguring coastlines, borders, and mountain ranges to fit a multitude of map scales and projections. Dr. Feigenbaum also created a new computerized type placement program which places thousands of map labels in minutes, a task that previously required days of tedious labor.
, 1998 In another practical application of his work, he founded Numerix with Michael Goodkin in 1996. The company's initial product was a software algorithm that dramatically reduced the time required for Monte Carlo pricing of exotic financial derivatives and structured products. Numerix remains one of the leading software providers to financial market participants. The press release made on the occasion of his receiving the Wolf Prize summed up his works:
The impact of Feigenbaum's discoveries has been phenomenal. It has spanned new fields of theoretical and experimental mathematics... It is hard to think of any other development in recent theoretical science that has had so broad an impact over so wide a range of fields, spanning both the very pure and the very applied.