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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. [1] Things are deemed to have instrumental value (or extrinsic value [2]) if they help one achieve a particular end; intrinsic values, by contrast, are understood to be desirable in and of themselves. A ...
Common terms for the value of an asset or liability are market value, fair value, and intrinsic value. The meanings of these terms differ. For instance, when an analyst believes a stock's intrinsic value is greater (or less) than its market price, an analyst makes a "buy" (or "sell") recommendation.
An object with intrinsic value may be regarded as an end, or in Kantian terminology, as an end-in-itself. [2] The term "intrinsic value" is used in axiology, a branch of philosophy that studies value (including both ethics and aesthetics). All major normative ethical theories identify something as being intrinsically valuable.
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 ...
An intrinsically valuable thing is worth for itself, not as a means to something else. It is giving value intrinsic and extrinsic properties. An ethic good with instrumental value may be termed an ethic mean, and an ethic good with intrinsic value may be termed an end-in-itself. An object may be both a mean and end-in-itself.
Value theory is the interdisciplinary and systematic study of values.Also called axiology, it examines the nature, sources, and types of values.Primarily a branch of philosophy and social sciences, it also has interdisciplinary applications in fields such as economics, sociology, anthropology, and psychology.
An "instrumental rationalist" is a decision expert whose response to seeing a man engaged in slicing his toes [the man’s value rational fact-free end] with a blunt knife [the man’s instrumental value-free means] is to rush to advise him that he should use a sharper knife to better serve [instrumentally] his evident [value rational] objective.
An intrinsically valuable thing is worth for itself, not as a means to something else. It is giving value intrinsic and extrinsic properties. An ethic good with instrumental value may be termed an ethic mean, and an ethic good with intrinsic value may be termed an end-in-itself. An object may be both a mean and end-in-itself.