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Value

The extent to which something satisfies wants (+/-).

Value, like beauty, is in the eye of the beholder. Value isn't a perception, but rather a projection. It can vary based upon the existential circumstances and the observer (beholder). We imbue things with value, it isn't an intrinsic property of things. A collective value can be determined by aggregating and averaging all of the individual valuations.

Synonyms: priority, preference

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