value theory


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Related to value theory: Extreme value theory, Surplus Value Theory

value theory

[′val·yü ‚thē·ə·rē]
(systems engineering)
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.
References in periodicals archive ?
Yet following Mises's above-mentioned quote, the only thing the attempt to "measure" value reveals is the inconsistency with subjective value theory. Generally, the relevant object of analysis in contrasting Austrian theory with value investing's foundations, however, is to be found in the underlying conceptualization of value only.
In addition, meaningful results have been obtained from studies that employ the customer-perceived value theory to understand the behavior of buying game items.
On Austrian Value Theory and Economic Calculation, Working Paper.
A new method of extreme value theory (EVT), which is POT (Peaks Over Threshold) model, does not focus on the discussion of extreme values (maximum or minimum) but focuses on the excess.
Extreme value theory and value-at-risk: relative performance in emerging markets.
They knew their formal Marxist value theory well, but for them it was not a dogma.
This paper aimed to evaluate Schwartz's refined value theory in the Chinese cultural context, a Confucian-influenced cultural region.
The GEV distribution is a family of continuous probability distributions developed within extreme value theory to combine the Gumbel, Frechet and Weibull families.
I based this framework on expectancy value theory and justice theory.
Robust recommendations are ones the reasoning for which is compelling, and based on premises the credibility of which is unaffected by the answers that may be given to still-controversial deep questions in ethics, value theory or other related disciplines.
Debates over value theory, along with the interconnected contest between an thropocentrism and nonanthropocentrism, have been central to contemporary environmental ethics since its inception in academic philosophy in the 1970s and 1980s to such an extent that one might wonder how much more could be said about issues over which so much ink has been spilled.