2025-07-09T19:51:01Z
Create a Monte Carlo model that simulates the product recovering value. Use it to derive a probability distribution for the valuation.
Get the value of the outcome out into the open.
How does one valuate an outcome that hasn't happened yet?
https://en.wikipedia.org/wiki/Markovian_arrival_process
https://en.wikipedia.org/wiki/Monte_Carlo_method
What if the client insists on a number rather than a probability distribution?