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Maslow’s hierarchy of needs is a conceptualisation of the needs (or goals) that motivate human behaviour, which was proposed by the American psychologist Abraham Maslow. [ 1 ] [ 2 ] According to Maslow’s original formulation, there are five sets of basic needs that are related to each other in a hierarchy of prepotency (or strength).
What is Maslow’s hierarchy of needs? We explain the commonly circulated concept with some examples of how it translates in the real world.
Maslow postulated a hierarchy of human needs stretching from basic physical needs at the bottom to spiritual or transcendental needs at the top. [ 4 ] In Motivation and Personality , [ 1 ] Maslow argues that, in order for individuals to thrive and excel, a health-fostering culture must be created. [ 5 ]
Maslowian portfolio theory (MaPT) creates a normative portfolio theory based on human needs as described by Abraham Maslow. [1] It is in general agreement with behavioral portfolio theory, and is explained in Maslowian Portfolio Theory: An alternative formulation of the Behavioural Portfolio Theory, [2] and was first observed in Behavioural Finance and Decision Making in Financial Markets.
This is an accepted version of this page This is the latest accepted revision, reviewed on 7 January 2025. American psychologist (1908–1970) Abraham Maslow Born April 1, 1908 (1908-04) Brooklyn, New York City, U.S. Died June 8, 1970 (1970-06-08) (aged 62) Menlo Park, California, U.S. Education City College of New York Cornell University University of Wisconsin Known for Maslow's hierarchy of ...
Maslow's hierarchy of needs consists of physiological needs (lowest level), safety needs, love needs, esteem needs, and self-actualization (highest level). [3] According to Maslow, a human is motivated by the level they have not yet reached, and self-actualization cannot be met until each of the lower levels has been fulfilled. [ 4 ]
Maslow describes a metaneed as any need for knowledge, beauty, or creativity. Metaneeds are involved in self-actualization and constitute the highest level of needs, coming into play primarily after the lower level needs have been met. [12] In Maslow's hierarchy, metaneeds are associated with impulses for self-actualization. [13]
When needs in a category are frustrated, an individual will invest more efforts in the lower category. In 1969, psychologist Clayton Alderfer developed Abraham Maslow's hierarchy of needs by categorizing the hierarchy into his ERG theory (Existence, Relatedness and Growth). The existence category is concerned with the need for providing the ...