Asked by Maurice Edwards on Apr 28, 2024
Verified
Name and briefly describe three of the four types of costs and rewards that are considered part of social exchange theory.
Social Exchange Theory
A psychological and sociological theory proposing that social behavior is the result of an exchange process aiming to maximize benefits and minimize costs.
Costs
In the context of relationships, refers to the negative aspects or sacrifices one must endure, which can include emotional, temporal, or financial investments.
Rewards
are benefits, prizes, or other incentives given to individuals as recognition for their performance, behavior, or contribution, often used to motivate or encourage desired actions.
- Examine interactions from the perspective of social exchange theory, focusing on its benefits and drawbacks.
Verified Answer
-Forecasted rewards and costs are based on projection or prediction.You forecast whether a potential relationship with this person would be rewarding or whether to remain in an existing relationship during troubled times.
-Cumulative rewards and costs represent the total rewards and costs accrued over the duration of the relationship.The more you invest in a relationship,the more likely you are to hold onto it,at least for a while,even during troubled times.
-Expected rewards and costs represent expectations and ideals about how rewarding a relationship should be relative to its costs.If you find that you are continually unable to find relationships that measure up to your ideals,you may need to reassess your expectations.
Learning Objectives
- Examine interactions from the perspective of social exchange theory, focusing on its benefits and drawbacks.
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