Examlex
The present value of $1,000 received three years from today with a discount rate of 10% is less than the present value of a $500 annuity with the same discount rate over the same period.
Drive Reduction Theory
A psychological concept that suggests motivation arises from the desire to reduce an uncomfortable internal state caused by unmet needs.
Homeostasis
The self-regulating process by which biological systems tend to maintain stability while adjusting to conditions that are optimal for survival.
Arousal Theory
A theory suggesting that people are motivated to maintain an optimal level of arousal, which varies from one individual to another.
Maslow's Hierarchy
A theory in psychology proposed by Abraham Maslow that presents a hierarchy of human needs, from basic physiological needs to self-actualization.
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