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In social psychology, reciprocity is a social norm of responding to an action executed by another person with a similar or equivalent action. This typically results in rewarding positive actions and punishing negative ones. [1]
An example of a risk that could occur during the reciprocal exchange is the factor that the second party could end up not returning the favor and completing the reciprocal exchange. Binding negotiated exchanges involve the least amount of risks which will result the individuals feeling low levels of uncertainty.
Exchange, generalized or otherwise, is an inherently social construct. Social dynamics set the stage for an exchange to occur, between whom the exchange occurs, and what will happen after the exchange occurs. For example, exchange has been shown to have effects on an individual's reputation and standing.
The concept of "reciprocal altruism", as introduced by Trivers, suggests that altruism, defined as an act of helping another individual while incurring some cost for this act, could have evolved since it might be beneficial to incur this cost if there is a chance of being in a reverse situation where the individual who was helped before may perform an altruistic act towards the individual who ...
Different game-theoretical strategies have imbedded probabilistic functions that result in their winning or losing a game, similar to the selecting - for or selecting - against of genes. The strategy of game theory discussed in Axelrod and Hamilton's paper [11] is called Tit for Tat. Tit for Tat represents such a strategy that, in a repeated ...
Social psychology utilizes a wide range of specific theories for various kinds of social and cognitive phenomena. Here is a sampling of some of the more influential theories that can be found in this branch of psychology. Attribution theory – is concerned with the ways in which people explain (or attribute) the behaviour of others. The theory ...
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Interdependence theory is a social exchange theory that states that interpersonal relationships are defined through interpersonal interdependence, which is "the process by which interacting people influence one another's experiences" [1] (Van Lange & Balliet, 2014, p. 65).