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 "@id": "https://wulfkaal.github.io/entities/valuation-discretion",
 "identifier": "kaal:entity:valuation-discretion",
 "name": "Valuation discretion",
 "termCode": "valuation-discretion",
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 "author": {
  "@type": "Person",
  "name": "Wulf A. Kaal",
  "identifier": "https://orcid.org/0000-0003-0757-275X"
 },
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 "subjectOf": [
  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/4033886-007",
   "identifier": "kaal:claim:4033886-007",
   "text": "Because digital asset valuation methodologies vary significantly, the tradeoffs among them leave digital asset managers with meaningful valuation discretion.",
   "abstract": "Digital asset valuation methodologies vary significantly. Tradeoffs between such methodologies allow for some valuation discretion between digital asset managers.",
   "citation": "Wulf A. Kaal, Samuel Evans, Hayley Howe, Digital Asset Valuation (2022). SSRN: https://ssrn.com/abstract=4033886",
   "datePublished": "2022",
   "claim_type": "mechanism",
   "confidence": "argued",
   "is_failure_mode": false,
   "scope_conditions": [
    "absence of uniform valuation standards"
   ],
   "source_pdf_sha256": "52ba05b1292b1be4bfaf1ee5cf56b14fea9c196d870603e794d7ee316df129bd",
   "status": "current"
  },
  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/4033886-008",
   "identifier": "kaal:claim:4033886-008",
   "text": "Even for the most liquid level one digital assets, managers may choose between the price on a favored exchange and an aggregate across exchanges, so the same asset can be reported at different values by different managers.",
   "abstract": "For instance, when quoting level 1 securities, while some managers may use the price on their favored cryptocurrency exchange, others might take an aggregate the price from multiple exchanges.7",
   "citation": "Wulf A. Kaal, Samuel Evans, Hayley Howe, Digital Asset Valuation (2022). SSRN: https://ssrn.com/abstract=4033886",
   "datePublished": "2022",
   "claim_type": "mechanism",
   "confidence": "evidenced",
   "is_failure_mode": true,
   "scope_conditions": [
    "quoting level 1 digital assets"
   ],
   "source_pdf_sha256": "52ba05b1292b1be4bfaf1ee5cf56b14fea9c196d870603e794d7ee316df129bd",
   "status": "current"
  }
 ],
 "description": "2 claims in the published works of Wulf A. Kaal carry the concept tag 'valuation-discretion'. Derived node: a roster, not an adjudicated definition."
}