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That should make ERNs easy to value.
And whereas Lehman's exposures were hidden from public view, Greece's are largely out in the open and are also reasonably easy to value.
Moreover, the method is easy to value the Greek letters which are important parameters in financial engineering, as the multiquadric function is infinitely continuously differentiable.
Neither Uber nor Airbnb is publicly traded, and neither has the kind of hard assets that would have made the net worth of the typical robber baron of yesteryear easy to value: railroads, oil wells, mines, real estate.
It nevertheless remains the case that the ultimate value of many of the stocks revolves around the valuation of intangible assets, assets that by definition are not easy to value.
Property like a privately held small business, a big art collection, a share in rental properties or intellectual property like television or movie credits, patents or even Web site domain names are not as easy to value as, say, a stock portfolio.
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These are far easier to value than Glencore's trading business.
"The market finds it easier to value" telecommunications companies when their businesses are clearly divided, Mr. Chew said.
The hypothesis goes: electricity is invisible and it is easier to value if you experience it in a visceral way.
The bond markets, in general, and the high-quality bonds in particular are probably easiest to value.
These patents are sometimes easier to value because they can be the focus of IP licensing efforts.
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