Identity moratorium is a stage in Erik Erikson's theory of psychosocial development, where individuals actively explore different identities and beliefs without committing to any specific one. This period often occurs during adolescence, as young people experiment with various roles, values, and ideologies to better understand themselves. During identity moratorium, individuals may try out different lifestyles, career paths, or social groups. This exploration is crucial for personal growth, as it allows them to reflect on their experiences and ultimately make informed choices about their identity and future direction.