Values.docx

Economic value is a measure of the benefit provided by a good or service to an economic agent. It is generally measured relative to units of currency, and the interpretation is therefore "what is the maximum amount of money a specific actor is willing and able to pay for the good or service"? Among the competing schools of economic theory there are differing theories of value. Economic value is not the same as market price, nor is economic value the same thing as market value. If a consumer is willing to buy a good, it implies that the customer places a higher value on the good than the market price. The difference between the value to the consumer and the market price is called "consumer surplus"[1]. It is easy to see situations where the actual value is considerably larger than the market price: purchase of drinking water is one example.

Aesthetics (/ɛsˈθɛtɪks, iːs-, æs-/) is a branch of philosophy that deals with the nature of art, beauty and taste and with the creation or appreciation of beauty.[1] In its more technical epistemological perspective, it is defined as the study of subjective and sensoriemotional values, or sometimes called judgments of sentiment and taste.[2] Aesthetics studies how artists imagine, create and perform works of art; how people use, enjoy, and criticize art; and what happens in their minds when they look at paintings, listen to music, or read poetry, and understand what they see and hear. It also studies how they feel about art—why they like some works and not others, and how art can affect their moods, beliefs, and attitude toward life.[3] The phrase was coined in English in the 18th century. More broadly, scholars in the field define aesthetics as "critical reflection on art, culture and nature".[4][5] In modern English, the term aesthetic can also refer to a set of principles underlying the works of a particular art movement or theory: one speaks, for example, of the Cubist aesthetic.[6]

Association value is a concept in cognitive psychology and in particular the psychology of human learning and memory. The association value of a stimulus is a measure of its meaningfulness. Value of Recreation - Leisure activities in parks improve moods, reduce stress and enhance a sense of wellness. In an increasingly complex world, more and more people are placing a high value on achieving the feelings of relaxation and peacefulness that contact with nature, recreation and exposure to natural open spaces bring. Intellectual value (some call it context) is also simply the presence of other people, often specific ones, interacting casually or formally. ... Value and uniqueness interact in mysterious ways. The intellectual value of context can't be replicated so easily over the Net.