PDA

View Full Version : Evaluating value

LadyShea
04-01-2005, 04:54 PM
Sos, on this thread (http://www.iidb.org/vbb/showthread.php?t=119587&page=3)...I dunno what happened or what the hell we're talking about anymore, but this statement was made that sorta confounded me We know a things value by comparison to a known standard. What is the standard-of-value?

Now, am I the only one that just doesn't get this? I value a painting my niece did when she was 3. It was prominantly displayed before I packed. It's value certainly wasn't ascertained by comparing it to a known standard (what known standard is there for 3-year old artistic expression?)

Now, my feeling is that something is valuable if someone values it. What do you all think?
Crumb
04-01-2005, 05:21 PM
Now, my feeling is that something is valuable if someone values it.

Yes, but if you want to measure the value of something, you have to compare it to a standard, or put it inot a unit of value like dollars.
LadyShea
04-01-2005, 06:38 PM
Now, my feeling is that something is valuable if someone values it.

Yes, but if you want to measure the value of something, you have to compare it to a standard, or put it inot a unit of value like dollars.

What is the standard of value for a personality trait like honesty? What is the standard of value for sentiment? What is the standard of value for art?

For that matter what is the value of a dollar?
Crumb
04-01-2005, 06:59 PM
Very good questions. :wink: You have a need to measure the value of these things? My guess is that different people would value these things differently. Thus there would be no objective value.
Shake
04-01-2005, 09:06 PM
Someone once said that a thing is worth someone is willing to pay for it. I've seen some art that could fetch thousands on the market, yet I wouldn't spend more than $10 for. IOW, value is relative, and everyone sets their own standards, or if they choose, they can adopt some other standard established by others.
LadyShea
04-01-2005, 09:16 PM
Very good questions. :wink: You have a need to measure the value of these things? My guess is that different people would value these things differently. Thus there would be no objective value.

Right, which was exactly my point.


Someone once said that a thing is worth someone is willing to pay for it.

Yesp, that's how I have always determined value for material things.