# Valuation discretion `kaal:entity:valuation-discretion` **Status.** derived This node is assembled mechanically from the 2 claims that carry the concept tag `valuation-discretion`. It is a roster of what the corpus says under this term. It is **not** an adjudicated definition: no single statement here has been ruled canonical, and no first-appearance call has been made. Read the claims and judge for yourself. ## Every claim under this term 2 claims across 1 works, 2022 to 2022. **2022** - [4033886-007](https://wulfkaal.github.io/claims/4033886-007) [mechanism/argued] -- Because digital asset valuation methodologies vary significantly, the tradeoffs among them leave digital asset managers with meaningful valuation discretion. > Digital asset valuation methodologies vary significantly. Tradeoffs between such methodologies allow for some valuation discretion between digital asset managers. Wulf A. Kaal, Samuel Evans, Hayley Howe, Digital Asset Valuation (2022). SSRN: https://ssrn.com/abstract=4033886 - [4033886-008](https://wulfkaal.github.io/claims/4033886-008) [mechanism/evidenced] *(failure mode)* -- 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. > 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 Wulf A. Kaal, Samuel Evans, Hayley Howe, Digital Asset Valuation (2022). SSRN: https://ssrn.com/abstract=4033886 ## Verify Every claim above resolves to a record carrying a verbatim source quote, the sha256 of the source PDF, and a preformatted citation. Nothing here asks to be taken on trust. curl -s https://wulfkaal.github.io/entities/valuation-discretion.md | sha256sum **Canonical form.** This markdown file is the canonical hashed representation of this entity node. Its sha256 is the content hash.