Another disagreement among realists is about whether the entity carrying the value is a concrete individual or a state of affairs. For instance, the name "Bill" refers to an individual while the sentence "Bill is pleased" refers to a state of affairs. States of affairs are complex entities that combine other entities, like the individual "Bill" and the property "is pleased". Some value theorists hold that the value is a property directly of Bill while others contend that it is a property of the fact that Bill is pleased. This distinction affects various disputes in value theory. In some cases, a value is intrinsic according to one view and extrinsic according to the other.
Another disagreement among realists is about whether the entity carrying the value is a concrete individual or a state of affairs. For instance, the name "Bill" refers to an individual while the sentence "Bill is pleased" refers to a state of affairs. States of affairs are complex entities that combine other entities, like the individual "Bill" and the property "is pleased". Some value theorists hold that the value is a property directly of Bill while others contend that it is a property of the fact that Bill is pleased. This distinction affects various disputes in value theory. In some cases a value is intrinsic according to one view and extrinsic according to the other.