Gravitational collapse and naked singularities

Gravitational collapse is one of the most striking phenomena in gravitational physics. The cosmic censorship conjecture has provided strong motivation for research in this field. In the absence of a general proof for censorship, many examples have been proposed, in which naked singularity is the outcome of gravitational collapse. Recent developments have revealed that there are examples of naked singularity formation in the collapse of physically reasonable matter fields, although the stability of these examples is still uncertain. We propose the concept of 'effective naked singularities', which will be quite helpful because general relativity has limitation in its application at the high-energy end. The appearance of naked singularities is not detestable but can open a window for the new physics of strongly curved space-times.