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Social exchange theory views exchange as a social behavior that may result both in economic and social outcomes. [17] Social exchange theory has been generally analyzed by comparing human interactions with the marketplace. The study of the theory from the microeconomics perspective is attributed to Blau. [6]
Exchange Theory is the "perspective that individuals seek to maximize their own private gratifications. It assumes that these rewards can only be found in social interactions and thus people seek rewards in their interactions with each other". [21] Homans' Exchange Theory propositions are partially based on B.F. Skinner's behaviorism.
Peter Michael Blau (February 7, 1918 – March 12, 2002) was an American sociologist and theorist.Born in Vienna, Austria, he immigrated to the United States in 1939.He completed his PhD doctoral thesis with Robert K. Merton at Columbia University in 1952, laying an early theory for the dynamics of bureaucracy.
Social comparison theory – suggests that humans gain information about themselves, and make inferences that are relevant to self-esteem, by comparison to relevant others. Social exchange theory – is an economic social theory that assumes human relationships are based on rational choice and cost-benefit analyses. If one partner's costs begin ...
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). The most basic principle of the theory is encapsulated in the equation I ...
According to the social-exchange theory, people help because they want to gain goods from the one being helped. [17] People estimate the rewards and costs of helping others, and aim at maximizing the former and minimizing the latter.
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Empathy-altruism is a form of altruism based on moral emotions or feelings for others.. Social exchange theory represents a seemingly altruistic behavior which benefits the altruist and outweighs the cost the altruist bears.