Want to hear mainly from gamblers and how they consider the word value. Formulas and/or rhetoric are fine--I try to use forumulas where possible for proposing probabilites then comparing lines but, of course, resort to situations where it's more intuitive--+110 on a coin flip ain't too bad but +120 is better, etc.--assessing relative values can be done by a variety of methods, though similar. My argument would simply be that those with higher "value" values (ugh!), however assessed, will call for a greater risk or more consideration. More to the point, I just wrote elsewhere that "value" in my handicapping is different than "value" in my work on ethics BUT I changeded my mind.
A dictionary definition as I get psyched up.
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Mirriam Webster online dictionary:
VALUE
1: a fair return or equivalent in goods, services, or money for something exchanged
2: the monetary worth of something : market price
3: relative worth, utility, or importance <a good value at the price> <the value of base stealing in baseball> <had nothing of value to say>
4: a numerical quantity that is assigned or is determined by calculation or measurement <let x take on positive values> <a value for the age of the earth>
5: the relative duration of a musical note
6 a: relative lightness or darkness of a color : luminosity b: the relation of one part in a picture to another with respect to lightness and darkness
7: something (as a principle or quality) intrinsically valuable or desirable <sought material values instead of human values? W. H. Jones>
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A value in ethics is simply what the definitions get at--something held in esteem or favour--something valued. All of our values will get internalized subjectively. Some consensus are reached and this greatly explains things like the Universal Declaration of Human Rights. How well these concepts--this "Declaration"--has been distributed equally or justfully is up to debate; equally and justfully would mean the same thing to some and something quite different to someone else (i.e. matters of entitlement). Everybody has the right to eat but is the President's right to eat of greater value than the starving Ethiopian child's right to eat. Bad example--most presidency's I'd maybe argue for that but this is a bad example.
I'll value my life over yours and vice versa. Human nature. Can be counted for, in law, rights, whatever. Democracy would help out greatly if ideally possible.
Somewhat more objective values in the preceeding.
That I value chocolate more than brocolli is a more subjective decision. Bad example, again, as I could argue that my value-estimate of chocolate might be mistaken to value it higher--shouldn't health be an "objective" priority (still smoke<<cough-cough>>wanna quit before 40--in a few months). Chocolate over vanilla ice cream, say, seems strictly subjective.
chit...am i getting anywhere?
shut up already--
--give me whatever conceptions of "value" that you have.
I value my assessments of lines quite a bit--more so when it's working--similar to valuing chocolate or health or even altruism, obviously to differing degrees but they refer to the same actions of judgement. Judgements of actions, better still.
Hope that makes sense.
Truth is, I'm undecided on "value" in a number of ways.
--did a minor edit but otherwise this can't be saved so I won't waste time trying
A dictionary definition as I get psyched up.
===============================
Mirriam Webster online dictionary:
VALUE
1: a fair return or equivalent in goods, services, or money for something exchanged
2: the monetary worth of something : market price
3: relative worth, utility, or importance <a good value at the price> <the value of base stealing in baseball> <had nothing of value to say>
4: a numerical quantity that is assigned or is determined by calculation or measurement <let x take on positive values> <a value for the age of the earth>
5: the relative duration of a musical note
6 a: relative lightness or darkness of a color : luminosity b: the relation of one part in a picture to another with respect to lightness and darkness
7: something (as a principle or quality) intrinsically valuable or desirable <sought material values instead of human values? W. H. Jones>
===============================
A value in ethics is simply what the definitions get at--something held in esteem or favour--something valued. All of our values will get internalized subjectively. Some consensus are reached and this greatly explains things like the Universal Declaration of Human Rights. How well these concepts--this "Declaration"--has been distributed equally or justfully is up to debate; equally and justfully would mean the same thing to some and something quite different to someone else (i.e. matters of entitlement). Everybody has the right to eat but is the President's right to eat of greater value than the starving Ethiopian child's right to eat. Bad example--most presidency's I'd maybe argue for that but this is a bad example.
I'll value my life over yours and vice versa. Human nature. Can be counted for, in law, rights, whatever. Democracy would help out greatly if ideally possible.
Somewhat more objective values in the preceeding.
That I value chocolate more than brocolli is a more subjective decision. Bad example, again, as I could argue that my value-estimate of chocolate might be mistaken to value it higher--shouldn't health be an "objective" priority (still smoke<<cough-cough>>wanna quit before 40--in a few months). Chocolate over vanilla ice cream, say, seems strictly subjective.
chit...am i getting anywhere?
shut up already--
--give me whatever conceptions of "value" that you have.
I value my assessments of lines quite a bit--more so when it's working--similar to valuing chocolate or health or even altruism, obviously to differing degrees but they refer to the same actions of judgement. Judgements of actions, better still.
Hope that makes sense.
Truth is, I'm undecided on "value" in a number of ways.
--did a minor edit but otherwise this can't be saved so I won't waste time trying
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