When my brain was in charge, it used to make these kinds of value judgments.

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Instead, they may simply be unable to get enough information to make correct judgments about the value of securities, or indeed may be given misleading information by insiders such as company executives or salesmen from the financial-services industry.

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As economic actors, men possess different data and make different value judgments reflected in pricing so the mere act of gifting may have immeasurable value to one and not to another.

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Teenagers can be loyal, supportive, dedicated, focused, and capable of making informed value judgments about their lives.

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By disregarding the industry wisdom that gut feelings, day-to-day poll movements, and talking head commentary are what matter, he has decimated the value of these superficial judgments.

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Lord Butler's central critique was that Mr Blair's government failed to understand the value of process in making judgments and reaching decisions, and that was why his government had failed to assess the threat from Iraq correctly.

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