What is Social Exchange Theory?
Social exchange theory is a model for interpreting society as a series of interactions between people that are based on estimates of rewards and punishments. According to this view, our interactions are determined by the rewards or punishments that we expect to receive from others, which we evaluate using a cost-benefit analysis model.
Integral to the social exchange theory is the possibility that a connection that inspires endorsement from someone else will probably be rehashed than a collaboration that evokes dissatisfaction.
We would thus be able to foresee whether a specific association will be rehashed by figuring the level of reward (endorsement) or discipline (objection) coming about because of the collaboration. On the off chance that the reward for an association surpasses the discipline, at that point the collaboration is probably going to happen or proceed.
As indicated by this hypothesis, the recipe for foreseeing the conduct for any person in any circumstance is: Conduct (benefits) = Prizes of connection – expenses of collaboration.
Prizes can come in many structures: social acknowledgment, cash, endowments, and even unpretentious ordinary signals like a grin, gesture, or congratulatory gesture. Disciplines likewise come in many structures, from extremes like open embarrassment, beating, or execution, to unobtrusive signals like a cocked eyebrow or a grimace.
While social exchange theory is found in
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The processes that lead to social order are considered as intricate and premeditated, and not spontaneous. The construction of social order is the result, in reference to Blau’s Exchange Theory, of trust and solidarity achieved through repeated social exchange. This paper will explain how and why social exchange occurs and the significance of continual social exchange between two counterparts.
The social exchange theory attempts to explain how humans interact in relationships in economic terms, or in several different equations. This theory suggests people try to maximize their rewards and minimize their costs, relative to their own experiences and beliefs, of course. Often times, it is used as a predictor of why and if people stay in relationships.
Social theory is a scientific study of social life. It deals with the concepts like changes and development in society, social behavior etc. (Harrington, 2005).
This interaction is possible to hold great outcomes such as a strong relationship, replace a feel of emptiness, and provide self-encouragement.
The second theory, the social exchange theory, is an ilk of the cause and effect theory which focuses on the consequences of any behavioral conduct. If jack and I take care of our communicational conducts by making the most of this theory, we can get rid of many relational disagreements. Now the third theory of communicational relationships, social system theory, emphasizes to sustain the dignity of the social structure by avoiding various unlawful and psychotic conducts (Casmir 250).
This theory is relevant in many peoples lives. Let me explain in a scenario. A man named Johnathan was shopping for a graduation gift for his best friend Anna. He spent days trying to find a suitable gift to give. After days, he finally found the perfect gift. The gift cost a lot of money to get and he felt proud of it. Later, at graduation, he gave Ann the amazing gift, and wondered what he would get from her. Ann pulled out a congratulations card and handed it to him. Even though he liked it, deep down he had high expectations and in turn the payoff was low for him, causing him to have negative feeling about the interaction. Social exchange theory can be explained in many ways, but this scenario explained it well.
In the 1970s, most of the products in stores were made in America and we barely traded with China “we don’t directly manufacture as many goods anymore (in the United States, at least); instead =, our economy is dominated by services” (Conley,. pg. 546). Georg Simmel saw “the development of monetary payment systems as part of a historical evolution, the depersonalization of exchange” (Conley,. pg. 541). In other words, the growth of money-based payment systems that changes for the better over time. Back in the day people were getting payed based on the piece(s) they manufactured and now they get payed by the labor preformed. Karl Marx viewed “alienation as taking four forms under capitalist production: alienation from the product, the process,
The way people talk to each other is often a key indicator of the depth of the relationship. Familiarity, ease of dialogue, level of interaction, and the like, demonstrate not only the current connection but also the potential for influence. This is true for individual relationships but also in the interrelation between groups within an organizational dynamic.
The Exchange Theory which was put forward by Homans in 1971 suggests that when we are in a relationship, we keep an eye on what we are putting in and getting out of a relationship. It argues that whether ir not we are satisfied depends on the ratio of rewards and costs that are given within the relationship. If the person involved feels as though, for them, the rewards outweigh the costs, they will most likely feel satisfied with the relationship as they do not need to give as much, however, if the person involved feels like the costs outweighs
During the course of this week’s discussion we will examine the social exchange theory (SET); Dr. Cone did a great job presenting SET to us in this week’s media, I hope you all enjoyed it. Now, we can further consider it by applying the concepts to real life situations such as our family case study, our own family, or other examples you find to be beneficial to you and our collective growth as future APNs. In order to guide our discussion and to have a meaningful learning experience I would encourage each of us to answer the following: What do you find most interesting among the theoretical concepts? Provide a brief patient and family scenario that exemplifies a key concept from the presentation. Discuss whether or not you agree with the ideas presented in this media presentation.
There were several techniques used by both sides and right away each party has to ask itself; why would I do this? One way of analyzing social interaction is through the social exchange theory. According to Crossman (n.d.), that model interprets society as a series of interactions that are based on estimates of rewards and punishments. Crossman (n.d.) continues to say; According to this view, our interactions are determined by the rewards or punishments that we receive from others and all human relationships are formed by the use of a subjective cost-benefit analysis.
The Social Exchange Theory discusses that the reason we involve in prosocial behavior is because of the benefits we receive in comparison to what we give (Cherry 2015). If the benefits outweigh the costs of helping someone in a given situation, then we are more likely to help them and that may be the main reason why we help this person (Crossman 2015). For example, if the helper does not see any major consequences by helping a victim and it in fact may provide benefits to the helper, the helper is much more likely to engage in that behavior. If the helper believes that they may be late to an event or they may become physically injured, for example, by helping a victim, this provides a good rationale for the helper
While the Social Exchange Theory sounds like a basic concept humans likely formed during the early parts of civilization, it wasn’t introduced until 1958. Sociologist George Homans would be the first figure to initially introduce the theory throughout the 1960s, as he analyzed how people tend to “make, maintain, and end” (Chinn 60) the different relationships we consistently take part in. The Social Exchange Theory proposes “that we live our lives and negotiate our relationships based on the ‘cost’ and ‘reward’ we give and receive through our interactions… The basic equation is: Worth = Rewards - Costs” (Chinn 60). A shared belief amongst many Social Exchange theorists, is that “we value relationships when their ‘worth’ feels
Of interest to the clients therefore lies the need to address quality, corporate image, and customer loyalty, which are all factors or variables that the employee at Lisa’s Bakery is the one to handle. The websites and applications implemented to enhance the human resource element in line with staff needs help the customers appreciate the power balance that lies in the service provision (Kranz, 2014). The felt needs of the customers are met through the general satisfaction obtained from the brands they get to buy from the organization. Furthermore, the contact that employees get to have with the customers demonstrates that the social exchange is addressed in line with the exchange theory that