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Usually states and observables are treated as fundamentally different entities in quantum theory. But are they really different? A state can always be represented by a density "matrix", which is really a hermitian (or self-adjoint) operator. Since observables are also hermitian (or self-adjoint) operators, what exactly is the difference? Can we think of density "matrix" as an observable, and if not, why not? I emphasize that this is not meant to be a philosophical question, but a practical and/or a formal one.