13-4d4 Value is subjective

“The fundamental determinants of price are the value scales of all individuals (buyers and sellers) in the market and the physical stock simply assumes its place on these scales.”

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• 13-4d5 Prices are derived from subjective values

Related:

• There is no objective hierarchy amongst knowledge
  • 9-2b2 There is no objective hierarchy amongst knowledge; only cultural-subjective hierarchy exists because we are cultural being (知識・情報そのものに優劣はない)
• Value is subjective because prices cannot be exhaustiverevisit
  • 3-1a4b5 Anything can be priced in principle. But not everything will be.
• But truth is about correspondence with reality—see Lachmann’s distinction between the subjectivism of interpretation and the subjectivism of wantrevisit