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.
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explain the concept of "imperfect knowledge"
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imperfect knowledge is the concept that people can best understand the world by learning from their past experiences, even though the information they possess is incomplete or imperfect. it posits that humans must learn from experience, and cannot be sure that the information they have is completely accurate. imperfect knowledge is often based on assumptions and beliefs which may be inaccurate or disproven as more evidence arises.
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