Self-efficacyis, according to psychologistAlbert Bandurawho originally proposed the concept, a personal judgment of how well or poorly a person is able to cope with a given situation based on the skills they have and the circumstances they face.
Self-efficacy affects every area of human endeavor. By determining the beliefs a person holds regarding their power to affect situations, Self-Efficacy strongly influences both the power a person actually has to face challenges competently and the choices a person is most likely to make. These effects are particularly apparent, and compelling, with regard to investment behaviors such as inhealth,education,andagriculture.
A strong sense of self efficacy promotes human accomplishment and personal well-being. A person with high self-efficacy views challenges as things that are supposed to be mastered rather than threats to avoid. These people are able to recover from…
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