value theory(redirected from Value (ethics))
Also found in: Wikipedia.
value theory[′val·yü ‚thē·ə·rē]
A concept normally associated with decision theory; it strives to evaluate relative utilities of simple and mixed parameters which can be used to describe outcomes.
McGraw-Hill Dictionary of Scientific & Technical Terms, 6E, Copyright © 2003 by The McGraw-Hill Companies, Inc.