judgment

Definitions

General English

Accounting

  • noun a legal decision or official decision of a court

Construction

  • A judicial decision rendered as a result of a course of action in a court of law.

Health Economics

  • (written as Judgment)
    To exercise one's judgment is to bring to bear on a matter one's experience, knowledge, powers of discernment and discrimination in order to make a decision or to determine the merit of something (like an argument). In health economics, judgments are frequently required in deciding (for example) whether the data that are available are good enough for purposes, whether a likely bias in one's empirical work is sufficiently important to warrant detailed investigation, whether the literature has been thoroughly enough searched, whether the claims for or against a particular course of action are warranted, or partly warranted, or not at all warranted by the available evidence base and the arguments put up. A particular type of judgment has been much discussed in economics: judgment of value (usually termed a value judgment), which has nothing to do with value in the sense of the price of something but refers instead to the ethical or moral merit in something. Welfare economics concerns itself principally with such value judgments.

Marketing

  • noun an assessment or evaluation of the quality of someone or something
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