Arbitrary Value

Arbitrary Value

A value not linked to an asset or liability, but created solely for accounting purposes. Critics of capitalism contend that a disproportionate amount of the value the market creates is arbitrary, though others strongly dispute this. Arbitrary value is also called fictitious value.
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References in classic literature ?
Bentham and others, have strongly insisted on their arbitrary value. Instances could be given amongst plants and insects, of a group of forms, first ranked by practised naturalists as only a genus, and then raised to the rank of a sub-family or family; and this has been done, not because further research has detected important structural differences, at first overlooked, but because numerous allied species, with slightly different grades of difference, have been subsequently discovered.
Therefore the total force on m will be F = 2[pi]G[rho]ma, which is an arbitrary value, since a has been arbitrarily chosen.
After that, one needs to convince investors to buy into the project by acquiring shares through crypto-payments.Since the new crypto would not have any value at the initial stage, the project owners would propose an arbitrary value pegged on existing cryptos.
Whatever happens to Bitcoin, we must not lose sight of a more fundamental - and more worrisome - development: A financial product with a purely arbitrary value has been successfully introduced in the world's most sophisticated financial markets.
The court noted that in a previous related appeal, it had rejected reliance on restrictions as the sole basis for assigning a flat, arbitrary value to the improvements, finding this approach a clearly erroneous valuation method.
Because of this, I have always appreciated Reveron's work, and I also came to understand early on the weird and arbitrary value of art.
As the dimensions of the indicators are not uniform, so order [c.sub.ij] = [d.sub.ij]/[d.sub.ik], ([d.sub.ik] [not equal to] 0 and k is an arbitrary value), then the matrix can be dimensionless processing, and the matrix A is obtained as C = [([c.sub.ij]).sub.mxn].
"I would hope that this would appeal to people, regardless of whether they're Democrat or Republican, who are against abortion because this puts an arbitrary value on life.
As for land registry property overvaluation, this is well known and rife particularly in Paphos where despite what the department of lands and surveys website says about the valuation criteria, when one can actually access it, it is a secretive process and appears to be often based on an arbitrary value per square metre for example e1/41,300 in 2001 and e1/41,600 in 2004 per sq metre of closed space and covered veranda, instead of a balanced view based on similar properties in the area, or even expected resale value.
It is today taken for granted that religion is merely a private value or subjective taste which might be brought to bear in shaping an understanding of the true, the good, the beautiful but it is essentially an arbitrary value, expressed merely in the artist's religious motive or a sacred theme.
[tau] arbitrary value [less than or equal to] [tau] lateral FGM coating [less than or equal to] [tau] lateral uncoated Ti
However, he argues, such sound data do not exist to examine the GHG emissions for the vast majority of fuel sources the EU actually imports, leading to an arbitrary value assignment.

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