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Social exchange theory is a sociological and psychological theory that studies the social behavior in the interaction of two parties that implement a cost-benefit analysis to determine risks and benefits.
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 ...
One of Blau's most important contributions to social theory is his work regarding exchange theory, which explains how small-scale social exchange directly relates to social structures at a societal level. He also was the first to map out the wide variety of social forces, dubbed "Blau space" by Miller McPherson. This idea was one of the first ...
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] As a social construct, reciprocity means that in response to friendly actions, people are generally nicer and more ...
Generalized exchange theory believes that there is a social consensus out of commonly shared value or lifestyle that exchange does not require an immediate reciprocity but promise another activity, which, after several iterations, closes the cycle.
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.
Social capital is a concept used in sociology and economics to define networks of relationships which are productive towards advancing the goals of individuals and groups. [1] [2] It involves the effective functioning of social groups through interpersonal relationships, a shared sense of identity, a shared understanding, shared norms, shared values, trust, cooperation, and reciprocity.
Transactionalism is a pragmatic philosophical approach to questions such as: what is the nature of reality; how we know and are known; and how we motivate, maintain, and satisfy goals for health, money, career, relationships, and a multitude of conditions of life through mutually cooperative social exchange and ecologies.