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Abraham Maslow
A renowned American psychologist who developed the concept of Maslow's hierarchy of needs, a theory that suggests psychological well-being is based on satisfying fundamental human needs.
Overjustification Effect
A psychological effect where introducing an external incentive for an activity someone already finds rewarding leads to a reduction in intrinsic motivation.
Externality Hypothesis
A theory suggesting that the costs or benefits of an individual’s or a firm’s actions are not fully borne or received by that individual or firm, but also affect others who were not involved in the original action.
Maslow's Hierarchy
A theory in psychology proposed by Abraham Maslow that human needs are arranged in a hierarchy from most basic physiological needs to higher-level needs for self-actualization.
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