Capped or uncapped estimators

I was reviewing a pricing model recently when an interesting question came up relating to when to apply the policy features when modelling the contract. 

Source: Dall.E 2, Open AI. 

​I thought it would be fun to include an AI generated image which was linked to the title 'capped vs uncapped estimators'. After scrolling through tons of fairly creepy images of weird looking robots with caps on, I found the following, which is definitely my favourite - it's basically an image of a computer 'wearing' a cap. A 'capped' estimator...

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