Final answer:
Intrinsic motivation is driven by personal satisfaction and enjoyment from an activity, whereas extrinsic motivation relies on external rewards. The overjustification effect illustrates that external rewards can sometimes diminish intrinsic motivation. Self-efficacy and social motives also significantly influence our behavior and motivation.
Step-by-step explanation:
Motivation to perform an activity because of the value or pleasure associated with that activity, rather than for an apparent external goal or purpose, refers to intrinsic motivation. This type of motivation is an internal drive that compels a person to engage in behaviors due to the personal satisfaction and fulfillment derived from the activity itself. It contrasts with extrinsic motivation, which is driven by external rewards such as money, fame, grades, or praise.
Oftentimes, motivation includes a mix of both intrinsic and extrinsic factors. An interesting phenomenon, known as the overjustification effect, occurs when external rewards can diminish one's intrinsic motivation, which in turn may reduce the desire to engage in the activity for pleasure alone. Self-efficacy and social motives, such as the need for achievement, affiliation, and intimacy, also play critical roles in what drives our behaviors and goals.
Intrinsic motivation is vital for activities that we want to pursue out of a sense of personal satisfaction, without requiring external incentives. Understanding the balance between intrinsic and extrinsic factors can help in fostering motivation that aligns with personal values and long-term fulfillment.