Ben, would you mind taking this? Sure.

Thanks, Mehra.

So one of the objectives of the paper came from thinking about a question that we face continually as quants and other areas of the bank, likewise, that use our models.

Namely, when you have a model, You have to make some simplifications.

That's the nature of a model.

And one of the key ones will be some things that are really in reality stochastic in some form, you have to treat as deterministic.

So when we have an XVA simulation, some of the things in our simulation, in our Monte Carlo, we'll treat as deterministic.

Who do you think will pick this up first and why?