In the absence of a better model
Where would you start? Is it unreasonable to start with saying the most
important variable not considered in the above analysis is the
thickness of the ice. That is important because of its affect on the
ratio of surface area to volume.
http://www.boincforum.info/boincuser/Crandles/ArcticIceThickness.PNG
http://www.boincforum.info/boincuser/Crandles/arcticIceVolume.PNG
Does that have any effect on your estimate of the fair price of the
claim?
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