zmVault/timestamped/2026-01-09_14-45-00.md

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2026-01-09 14:45:??

bid-price-modeling

Suppose a true cost model, accounting for all relevant information available at time t.

C(t) returns a distribution whose scale decreases with t, and C(0) maps to a single value. t>0 is time until the final payment.

Figure: lognormal distributions with the same location varied by scale.