From what I understand, people use values to assess what is right/wrong, appropriate/inappropriate, moral/immoral, stuff like that. Values are human-created narratives (narratives may not be the right word but it makes sense in my head) of assessment, used to judge elements of what's going on.
(And Fi values are chosen and held by the individual, while Fe values are chosen and held by collectives)
And! Here's an example of what I mean. In another comment, you wrote: