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In psychology, value theory refers to the study of the manner in which human beings develop, assert and believe in certain values, and act or fail to act on them.

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Values are beliefs and principles that guide individuals in deciding what is important and meaningful to them. They serve as a moral compass that influences behavior, attitudes, and decision-making. In psychology, understanding a person's values is important for assessing motivations, priorities, and overall well-being.

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Q: Definition of values according to psychology?
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