TheorySocial Exchange Theory
Discuss social exchange theory and reference using havsrd
Social Exchange Theory is a psychological theory that explains how individuals make decisions based on maximizing benefits and minimizing costs in their relationships with others. The theory suggests that individuals are motivated to engage in relationships that are rewarding and satisfying, and they will continue to engage in those relationships as long as they perceive the benefits outweighing the costs.
One classic example of Social Exchange Theory in action is the concept of reciprocity. In a relationship, individuals may engage in behaviors that benefit the other person in the hopes of receiving similar benefits in return. This can create a cycle of positive exchanges that contribute to the overall satisfaction and stability of the relationship.
An example of Social Exchange Theory in a real-world context can be seen in the study by Thibaut and Kelley (1959) on marital satisfaction. They found that couples who perceived a fair exchange of rewards and costs in their relationship reported higher levels of satisfaction compared to those who felt there was an imbalance.
Overall, Social Exchange Theory provides valuable insights into the dynamics of interpersonal relationships and can help explain why individuals choose to engage in certain behaviors within these relationships. By understanding the principles of social exchange, individuals can navigate their relationships more effectively and build stronger connections with others.