Final answer:
Self-actualization means realizing one's full potential and achieving personal excellence, not merely earning more than others or winning contests. It's associated with personal choices and the freedom to pursue fulfillment.
Step-by-step explanation:
Self-actualization refers to the realization of one's full potential, embracing the very peak of personal growth and fulfillment. It is not primarily about making more money, always coming first in games, or contests. Instead, self-actualization is achieving everything that you're capable of, reaching personal excellence. This concept has been widely associated with psychologist Abraham Maslow, who included it at the top of his hierarchy of needs as the final stage of psychological development. People's personal choices and the freedom to pursue what will lead to their self-actualization hold significant moral value and are intimately tied to one's happiness and life satisfaction.