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Intrinsic Value (other)
Intrinsic value may refer to: Economics, finance, numismatics *Intrinsic value (finance), of an option or stock *Intrinsic theory of value, an economic theory of worth Ethics and philosophy *Intrinsic value (ethics), in ethics and philosophy * Intrinsic value (animal ethics), in philosophy * Intrinsic value (axiology) See also * Instrumental and intrinsic value In moral philosophy, instrumental and intrinsic value are the distinction between what is a ''means to an end'' and what is as an ''end in itself''. Things are deemed to have instrumental value (or extrinsic value) if they help one achieve a part ... * Value (other) {{disambiguation ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Intrinsic Value (finance)
In finance, the intrinsic value of an asset or security is its ''value'' as calculated with regard to an inherent, objective measure. A distinction, is re the asset's ''price'', which is determined ''relative'' to other similar assets. The intrinsic approach to valuation may be somewhat simplified, in that it ignores elements other than the measure in question. Options For an option, the intrinsic value is the absolute value of the difference between the current price (''S'') of the underlying and the strike price (''K'') of the option, to the extent that this is in favor of the option holder. Thus, the option is said to have intrinsic value if the option is in-the-money; when out-of-the-money, its intrinsic value is ''zero''. For an option, then, the intrinsic value is the same as the "immediate value" or the "current value" of the contract, which is the profit that could be gained by exercising the option immediately. Formulaically: :IV_= 0 :IV_=\left \vert S-K ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Intrinsic Theory Of Value
In early political economy, intrinsic or objective theories of value were a set of early theories of value holding that the value of an item is an objective property of the item itself. It has since been superseded in economics by the subjective theory of value, which recognizes value as a property that is ascribed to items by a person; as a result, the value of an item to someone can vary depending on personal tastes and preferences. Most such theories look to the process of producing an item, and the costs or resources involved in that process, to identify the item's intrinsic value. The labour theory of value is an early example of an intrinsic theory, which was originally proposed by Adam Smith and further developed by David Ricardo and Karl Marx. Similarly, the physiocrats based their theory of value in the land. See also *Instrumental and intrinsic value *Marginalism Marginalism is a theory of economics that attempts to explain the discrepancy in the value of go ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Intrinsic Value (ethics)
In ethics, intrinsic value is a property of anything that is valuable on its own. Intrinsic value is in contrast to instrumental value (also known as extrinsic value), which is a property of anything that derives its value from a relation to another intrinsically valuable thing. Intrinsic value is always something that an object has "in itself" or "for its own sake", and is an intrinsic property. An object with intrinsic value may be regarded as an end, or in Kantian terminology, as an end-in-itself. The term "intrinsic value" is used in axiology, a branch of philosophy that studies value (including both ethics and aesthetics Aesthetics (also spelled esthetics) is the branch of philosophy concerned with the nature of beauty and taste (sociology), taste, which in a broad sense incorporates the philosophy of art.Slater, B. H.Aesthetics ''Internet Encyclopedia of Ph ...). All major normative ethical theories identify something as being intrinsically valuable. For insta ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Intrinsic Value (animal Ethics)
The intrinsic value of a human or any other sentient animal comes from within itself. It is the value it places on its own existence. Intrinsic value exists wherever there are beings that value themselves. Intrinsic value is considered self-ascribed, all animals have it, unlike instrumental or extrinsic values. Instrumental value is the value that others confer on an animal (or on any other entity) because of its value as a resource (e.g. as property, labour, food, fibre, "ecosystem services") or as a source of emotional, recreational, aesthetic or spiritual gratification. Intrinsic values are conferred from within an animal, and are therefore not directly measurable by economists, while extrinsic values are conferred from outside and can, in principle, be measured econometrically. The phrase "intrinsic value" (often used synonymously with ''inherent value'') has been adopted by animal rights advocates. The Dutch ''Animal Health and Welfare Act'' referred to intrinsic value in 1 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Intrinsic Value (axiology)
Value theory, also called ''axiology'', studies the nature, sources, and types of values. It is a branch of philosophy and an interdisciplinary field closely associated with social sciences such as economics, sociology, anthropology, and psychology. Value is the worth of something, usually understood as covering both positive and negative degrees corresponding to the terms ''good'' and ''bad''. Values influence many human endeavors related to emotion, decision-making, and action. Value theorists distinguish various types of values, like the contrast between intrinsic and instrumental value. An entity has intrinsic value if it is good in itself, independent of external factors. An entity has instrumental value if it is useful as a means leading to other good things. Other classifications focus on the type of benefit, including economic, moral, political, aesthetic, and religious values. Further categorizations distinguish absolute values from values that are relative to somethin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
