Extrinsic Value


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Extrinsic Value

The value of an asset that occurs by mutual agreement. Fiat money, for example, has value because everyone in an economy agrees that it has value, even though the paper on which it is printed does not have any more value than other paper. The line between extrinsic and intrinsic value is sometimes blurry.
References in periodicals archive ?
The distinction between intrinsic value and extrinsic value is central to our argument (and it is explained in section 3).
The extrinsic value of a volume like this one is that it includes suggestive analysis in the best American transcendentalist tradition.
Examples of extrinsic value statements from the PVCT include "increases salary" and "promotes recognition from peers.
A summary economic analysis of the AMEDD's graduate program indicates that substantial net extrinsic value and intrinsic value are generated by these programs individually and in the aggregate.
Note that sometimes what a product is "best" at is not directly related to the product's extrinsic value.
Selling options works great when your able to catch these spikes in volatility because when volatility lifts like it is now, it only affects the extrinsic value of an option.
Respondents were also asked to rate their importance level or extrinsic value of 30 agricultural communications skill statements using a rated scale where 0 = "Not Important"; 1 = "Somewhat Not Important"; 2 = "Unsure"; 3 = "Somewhat Important"; 4 = "Important.
And then of course some prospective mothers opt to take the morning-after pill to terminate their prospective offspring, which indicates a negative extrinsic value allocation to the pre-embryo.
Today's consumers tend to focus on the extrinsic value of a product, including its design and branding.
Dodd-Frank talks about identifying financial contracts, defining them as "a legally binding agreement between two or more counterparties, describing rights and obligations relating to the future delivery of items of intrinsic or extrinsic value among the counterparties.
To simplify describing the results, the participant responses of agree and strongly agree were grouped (see Table 2) in order of agreement within the intrinsic and extrinsic value statement categories.
Conversely, things have extrinsic value when they are distinct from the individual and obtain their worth only through some external contingency (Miles et al.