# kaal:claim:4033886-017

**Claim.** Fair market value is the legal standard for valuation, but it carries real world problems that limit its usefulness in practice.

**Type.** failure  **Support.** argued

**Source quote.**

> Fair market value is the legal standard for valuation, but it has real-world problems.48

**From.** Wulf A. Kaal, Samuel Evans, Hayley Howe, *Digital Asset Valuation* (2022), III. Traditional Asset Valuation Metrics, page 15

**Cite as.** Wulf A. Kaal, Samuel Evans, Hayley Howe, Digital Asset Valuation (2022). SSRN: https://ssrn.com/abstract=4033886

**Verify.** sha256 of source PDF `52ba05b1292b1be4bfaf1ee5cf56b14fea9c196d870603e794d7ee316df129bd` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20et%20al.%20-%202022%20-%20Digital%20Asset%20Valuation.pdf

**Failure mode.** fair market value in practice  (family: valuation-and-pricing-failure)

**Topics.** economics, law-and-legal-systems

**Keywords.** fair-market-value, legal-standard, valuation-practice, accounting

**Canonical form.** This markdown file is the canonical hashed representation of the claim. Its sha256 is the content hash used for attestation.