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Exact(43)
"We don't have perfect knowledge," he said.
We don't need somebody in Washington telling us what we can do, because we don't have perfect knowledge.
In practice, of course, planning required the impossible: that the state should have perfect knowledge of society's resources, technical capabilities, and the needs and wants of the citizenry.
Mathematical theories such as Dr Nash's tend to assume a world populated by individuals who behave in fully rational ways, because they have perfect knowledge.
Personally, I have perfect knowledge of Russian, fluent but unsophisticated Spanish, wobbly German and sketchy reading knowledge in a handful of other languages.
The second issue is that even if investors have perfect knowledge of the assets they are purchasing, the government may still wish to prohibit purchase of these instruments.
Similar(17)
Even if they did, no one has perfect knowledge of the world in which they live, much less perfect knowledge of the future.
He had perfect knowledge of the topography of his neighborhood, and he plotted a path along the highest invisible surfaces over submerged steps, clinging onto trees, avoiding mailboxes and cars—so that the water never reached our armpits, where it would pour into our fishing waders.
Classical game theory (the kind most strategists know) takes a complex route to that prediction: It says that a competitor will choose the option that maximizes his net present value after taking into account all sequential moves and countermoves by all competitors (each of whom typically has perfect knowledge of the others' motives, economics, and options) until a new equilibrium is reached.
We also assume that the source has perfect knowledge of the relay's channel.
a We assume that the receiver has perfect knowledge of the channel in our work.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com