We could play with examples in parallel. One is the ice cream example, perhaps another could be the following:

A Nigerian prince emails you. He promises that if you help him move his multi-million dollar fortune out of Nigeria by sending a certain sum of money by wire-transfer, he will share part of the fortune with you.

You assess the situation and decide to express value by sending the money. Then, the prince vanishes without a trace.

Was that expression of value wrong?

I suggest that it was at least less-than-ideal, or not 100% correct. In fact, I would say you've been scammed.

The alternative is to say that there's no such thing as a "better" or "worse" decision in this situation.

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No. This is similar to the desert example. If we had known there was an oasis over the hill, we would've valued our only water bottle differently. Just like if we knew the prince was a fraud, we would've valued our money differently.

As you see there are two distinct examples I'm going with:

1. A change in information about the external world

2. A change in our wants/needs/desires

Your Nigerian price example is more of the type 1 example.

Yes, I agree that there Nigerian prince falls under the first category. I would just phrase it differently to better reflect what's actually going on (in my view).

Better information can help us make better evaluations and therefore, better decisions. This includes economic decisions.

What is the purpose behind seeing a particular action as wrong? I ask this question as I think within Subjective Value Theory, all actions are seen as rational, in the sense that the action at that particular time was based on the only available information. Having some type of moral judgement on that doesn't play a part.

The intent here is a theory that can describe the actions of humans and how each persons actions fit together in the whole. Naval gazing at what could've been (e.g. that I knew the price was a scammer) does not help us get there.

The reason I've come to this conclusion is because without first accepting (implicitly or explicitly) the existence of objective value, nothing else can possibly make sense. No theories, observations, descriptions of the world... Nothing.

The acceptance of the existence of objective value can also explain the question you just asked.

You asked me "what's the point?" You used the word purpose, and you specifically asked about the purpose of viewing something as "wrong."

Asking for the point is to presume that there can in fact be "a point."

If value were purely subjective, there couldn't be a meaningful point to anything. Yes, all valuations are subjective, but those valuations come in degrees of quality. In economics, the market judges that quality though a quasi-evolutionary process (when it's working correctly, but under subjective value theory there is no such thing as "working correctly").

Read my note on subjective/objective definitions. I think this is where the confusion is arriving from. Subjective as in individual context dependent, not biased view of reality subjective.

Btw, I'm finding it really difficult following this conversation in Nostr. My client, #Amethyst is not really displaying it well.

Yeah, one of these days I hope we'll have a better client for philosophical discussions. 🤞