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What is Adverse Selection? Give an example to illustrate this problem.
Esteem
The respect and admiration that an individual is regarded with by others.
Esteem Needs
According to Maslow's hierarchy of needs, these are the requirements for respect, self-esteem, and respect from others, crucial for an individual's well-being.
Public Rewards
Recognition or incentives given to individuals or groups in a public setting, aimed at reinforcing certain behaviors or achievements.
Self-actualization Needs
Abraham Maslow's hierarchy's highest level, where individuals seek to realize their personal potential and achieve peak experiences.
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