as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
system
what is the difference between first-order and higher-order functions?
user
a first-order function is a function that accepts only one argument and returns only one value. a higher-order function is a function that accepts one or more functions as arguments, or returns a function as a result. higher order functions can be used to achieve more complex operations, such as manipulating the elements of a list or dictionary, or creating custom functions.
assistant