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This theory is more about our future-oriented self. Based on our present conditions we form our future selves which could be both ideal or feared and then try to reduce the gaps in order to realize our ideal self. The theory tries to explain highly dynamic processes of goal formation and imagining ourselves in the future. These dynamics among future, present and self have contributed to motivation literature as well and I value its implications for motivational processes. In this video the theory is explained in a very simple terms by an undergraduate Social Psychology student.