Is it accurate to suggest that in chaos theory, information is in practice lost due to the impossibility of characterizing the system's state with infinite precision, making it unfeasible to run the governing equations backwards in time to find previous states?
Or is it an in-principle information loss due to mathematical requirement of infinite precision?
To clarify, in chaos theory, while it's always possible to run the governing equations backwards in time, the lack of a perfect characterization of the state means we may end up at incorrect previous states, primarily due to the excessive sensitivity of the dynamics to the initial state. When we fail to arrive at the correct previous states, it signifies a loss of information.
Information here means all the details needed to fully specify the state of a physical system.
Edit: I asked this question because I believe the practical loss of information in chaos theory differs from what people typically expect to lose during dissipative processes within deterministic mechanics. In the latter, if one improves the modeling of lossy processes to trace energy conversion or transfer deeply into the microscopic world, then there is no loss and thus no loss of information. However, in chaos theory, losing information is more fundamental as one can never know everything about a state with infinite precision in the mathematical sense. Therefore, we lose information in chaos theory, and we can never retrieve it due to a mathematical barrier. It seems to me like an in-principle information loss. If this is the case, then why are we so concerned with information loss during quantum measurements and black hole evaporation? why not during chaotic evolution?