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The distinction between senior and subordinated debt is associated with:
Social Comparison Theory
The idea that individuals compare themselves with others in order to assess their abilities and opinions.
Leon Festinger
Leon Festinger was a prominent psychologist best known for developing the theory of cognitive dissonance, which explores the tension that arises from holding conflicting beliefs or attitudes.
Albert Bandura
A psychologist known for his work on social cognitive theory and the concept of self-efficacy.
Martin Seligman
An American psychologist known for his work on the theory of learned helplessness and his contributions to positive psychology, focusing on character strengths and well-being.
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