So, Navier-Stokes assumes infinite divisibility in the fluid it models, right? Which we know is not the case: atoms exist. It seems obvious to me that Navier-Stokes can't be a perfectly accurate description of reality, so it should come as no surprise if they turn out to blow up or otherwise behave non-physically. Am I missing something? Why isn't it assumed that they're just a very nice approximation, like Newton's…
This is such a fun observation. Physicists originally used differential equations to describe large scale, yet fundamentally atomistic, behaviour because, I assume, that was easier to work with using pen and paper than by using some more discrete, computational, atom-by-atom model. And then computers were invented, but we're still stuck with these continuous, legacy, models. Almost no-one questions the fact that the…
For numerical solutions you have to run each individual set of parameters to find the corresponding values in time and space (not even considering stochastic equations). This is very computationally expensive.
This is the value in solving these things analytical — hence the prize.