Perception is defined as the process by which individuals select, organize, and interpret stimuli into a meaningful understanding of the world. There are several elements and dynamics of perception. Elements include sensation, absolute and differential thresholds, and subliminal perception. Dynamics of perception involve selection based on stimulus nature, expectations, and motives. Perception also involves organization through principles like figure/ground and grouping. Interpretation can be influenced by appearances, stereotypes, first impressions, jumping to conclusions, and halo effects.