Value

Different kinds of value.

  • Signal Value — the red car, book’s cover, the beautiful wife.
  • Use Value — the dependable car.
  • Labor Value — really a cost, the cost of the labor necessary to create the good.
  • Experiance Value — sometimes called entertainment value, i.e. the experiance of going to Starbucks is more than the quality of the coffee.
  • Option Value — all the things the buyer imagines he can do with the good.
  • Salvage Value
  • Net Present Value — a quant’s means of discounting the sum of future benefits generated by the good via the owner’s discount (or interest) rate.

More?

Update: There doesn’t seem to be a standard term for the value that might be described as durable, dependable, trustable, consistent; e.g. the absence of risk.

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