Theory that holds that people are motivated by self-interests in their interactions with other people.

Exchange Theory

Social exchange theory posits that social behavior is the result of an exchange process. The purpose of this exchange is to maximize benefits and minimize costs. Therefore, people weigh the potential benefits and risks of social relationships

Exchange Theory

Further Explanation:

Social exchange theory is a Social and psychological theory and it is the study of a social behavior that takes place between two parties and it also specifies the cost benefit analysis which determines the risks as well as benefits of that behavior. According to this theory, these calculations are based on the relationships between people, their friendships as well as relationships that are there at the professional front. During the initiation of this theory, Sociologist George C. Homans defined this theory as the exchange of activity which may be tangible or intangible.  

The major purpose of the social exchange theory is to get maximum benefits and minimize costs. This theory has one more aspect and that is looking for the alternatives which are possible to achieve if someone is doing analyzing costs and benefits against the comparison levels then one might also look at possible alternatives.  

Learn More:

1. Evaluate and discuss the negative impact of youth risk behavior on yourself and others.

2. Advice South African youth on two preventative measures that can help in combating risky behaviors.

Answer Details:

Grade: High School

Chapter: Exchange Theory

Subject: Psychology

Keywords: Social Exchange, Theory, Alternatives. Sociologist, Benefits, Costs, Analyze, Comparison, Relationships, Friendships.  

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