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Suppose that low-productivity workers all have marginal products of 10 and high-productivity workers have marginal products of 16.The community has equal numbers of each type of worker.The local community college offers a course in microeconomics.High-productivity workers think taking this course is as bad as a cut in wages of $4 and low-productivity workers think it is as bad as a wage cut of $8.
Self-efficacy
An individual's belief in their own capacity to execute behaviors necessary to produce specific performance attainments.
Self-worth
An individual's subjective valuation of their own value or worth as a person.
Self-actualization
The realization or fulfillment of one's talents and potentials, considered as the ultimate objective of personal development.
Self-esteem
An individual's subjective evaluation of their own worth or personal value.
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