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Correctness means that the estimates will eventually converge to the correct value.
If everyone knows the correct value of a derivative and they all agree, how can anyone make money?
It is not just crude mercantilism; there is much uncertainty about the yuan's correct value.
Many economists reckon that the euro's "correct" value is around $1.10.However, the weakness of the euro is easily overstated.
Had the judges assigned the correct value, Yang Tae Young would have won the gold medal and Mr. Hamm the silver.
(His estimate of the Moon's distance was roughly correct, but his figure for the solar distance was only about a twentieth of the correct value).
Neither government nor part-time work shows any notable trend over the past year.Whatever its correct value, the unemployment rate exaggerates the economy's health.
It is more complicated to assign issues a correct value.
This approach may cause a great deviation in the result from the correct value.
Munger: We have no system for estimating the correct value of all businesses.
More recently, the causal set approach has also managed to derive the correct value.
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