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Social exchange theory suggests that these calculations occur in a variety of relationships, from romantic relationships and friendships to professional relationships, and even in ephemeral interactions, such as exchanging words with a customer at the cash register. [2]
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).
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 ...
Similarly, social exchange theory suggests that individuals evaluate relationship quality based on perceived rewards and costs, such as emotional support versus conflict. Another influential framework is the investment model , which emphasizes the role of commitment, satisfaction, and the perceived availability of alternatives in determining ...
Theories of social exchange share many essential features with classical economic theories, such as rational choice theory. However, social exchange theories differ from classical economics in that social exchange makes predictions about the relationships between persons, rather than just the evaluation of goods.
Social exchange theory argues that the major force in interpersonal relationships is the satisfaction of both people's self-interest. [ 21 ] According to the theory, human interaction is analogous to an economic transaction, in that an individual may seek to maximize rewards and minimize costs.
Social exchange theory – a social-psychological and sociological perspective that explains social change and stability as a process of negotiated exchanges between parties. Posits that human relationships are formed by a subjective cost-benefit analysis and the comparison of alternatives.
Social exchange theory states that humans weigh each relationship and interaction with another human on a reward–cost scale without realizing it. If the interaction was satisfactory, then that person or relationship is looked upon favorably.