The phrase “immediate experience” can have either of two meanings, according as it refers to the physical or to the mental occasion. It may mean a complete concretion of physical relationships in the unity of a blind perceptivity. In this sense “immediate experience” means an ultimate physical fact. But in a secondary, and more usual, sense it means the consciousness of physical experience. Such consciousness is a mental occasion. It has the character of being an analysis of physical experience by synthesis with the concepts involved in the mentality. Such analysis is incomplete, because it is dependent on the limitations of the concepts. This limitation arises from the grading of the relevance of the concepts in the mental occasion. The most complete concrete fact is dipolar, physical and mental. But, for some specific purpose, the proportion of importance, as shared between the two poles, may vary from negligibility to dominance of either pole.
The value realized in the mental occasion is
