Erik Erikson's theory of psychosocial development describes 8 stages across the lifespan in which individuals face conflicts that influence their development of ego identity and competence. In each stage, successful resolution leads to the development of virtues like hope, will, and integrity. The stages involve conflicts between trust vs mistrust in infancy, autonomy vs shame in early childhood, and integrity vs despair in late adulthood. Erikson's theory emphasizes how social relationships and experiences shape personality development throughout life. While it provides a broad framework, it lacks details on exactly what experiences are needed to resolve conflicts and transition between stages.