Overview
Social Exchange Theory is a framework in social psychology that explains how individuals form and maintain relationships based on perceived costs and benefits. It suggests that people evaluate their interactions and relationships by weighing the rewards they receive against the costs they incur. Thi...
Key Terms
Example: In friendships, if one person helps another, they expect help in return.
Example: Before entering a relationship, individuals weigh the emotional costs against the benefits.
Example: If a person has high expectations, they may feel dissatisfied with a relationship that does not meet those standards.
Example: Friendship provides social rewards like emotional support and fun.
Example: Business partnerships often function as exchange relationships.
Example: In a fair relationship, both partners feel they are contributing equally.