Why Is Social Exchange Theory Important

There are over six billion people on Earth today. Each of those people has countless relationships, which extend further into an immense network of relations among thousands of individuals. These relations can be romantic, professional, unconditional, mutual, or the strongest of all, friendship. Friendship is a term used to denote co-operative and supportive behavior between two or more beings. In this sense, the term connotes a relationship which involves mutual knowledge, esteem, and affection and respect along with a degree of rendering service to friends in times of need or crisis. Friends will welcome each other's company and exhibit loyalty towards each other, often to the point of altruism.

Interpersonal communication is a form of communication that takes place between two people who have an established relationship. There are many different levels of interpersonal communication and theories of interpersonal communication. One of the theories that is used to explain changes in social behavior is the social exchange theory. The social exchange theory proposes that social behavior is the result of an exchange process between two people. The basic concept of the exchange theory is that it emphasizes the cost between the interactions of people and their social environment. Exchange theory attempts to explain human behavior under the content of a balanced-equal ratio within the distribution of giving and receiving. "At the heart

Despite the numerous different theories consisting of different stages of friendship they all contain certain aspects of relationships going through stages of increasing familiarity. They all show how we select friends through a stage model and how relationships also break down in stages. They provide Factors that increase friendship like after helping another person we like them more due to feelings and emotions such as empathy, or a decline in a relationship by the need for too much help and support that can cause stress and anxieties. If we feel empathy we are likely to help, and there are several factors that increase chances of friendship,

Though one may favor exchange processes that conclude with a social association that values the idea of equality, however Blau states that exchange processes can “give rise to differentiation of power” (Blau 1964: 114), which results with relation to superordination and subordination. Blau explains this disequilibrium as a result of needs for resources from unlike partners and efforts among equals to gain advantages over the other (Blau 1964: 114). Relating to intrinsic rewards, if one counterpart gains a reward from the exchange, the other counterpart expects repayment in the form of future wards – hence the principle of reciprocity (Blau 1964: 121). Reciprocity between unlike counterparts creates this sense of imbalance

“We cannot tell the precise moment when friendship is formed. As in filling a vessel drop by drop, that is a last drop which makes it run over; so in a series of kindness there is at last one which makes the heart run over” (Bradbury, 71)

Social exchange theory includes the following concepts: success, stimulus, value, deprivation, satiation, aggression, and approval. Homans defined each of these concepts explicitly in his book and various articles. The success concept which he defines is the principle of reward. (Homans, 1983, p. 33) While stimulus is defined when a stimulus presents itself and it resembles a previously rewarded activity, that individual is likely to repeat that action again. (Homans, 1950, Chapter 4) Homans defined value as a system of rewards and punishments. (Homans, 1983, p. 32) Deprivation and satiation was defined as the more often a reward has recently been received, the less valuable further rewards become. And if forced for a long time to go without a certain reward, an individual will lose interest and move on. (Homans, 1983, p. 33) Lastly, aggression and approval falls under the principle of distributive justice. When behavior does not receive the expected reward the response is anger. Yet, when the individual receives a greater reward than what is expected or does not receive punishment he will be pleased. (Homans, 1950, Chapter 4).

In everyday interactions people are always looking to have a positive experience among those with whom they interact. According to the Social Exchange theory, with each interaction an individual has with another, that individual attempts to maximize the positive outcomes and minimize the negative. The purpose of this paper is to apply the Social Exchange theory to an authentic real life situation to best illustrate the theory and the key concepts that it holds. In applying the social exchange theory from demonstration, to application, to then explanation, a better understanding in

In exchange theory, a human being’s behavior has been perceived as a logical decision where one tries to optimize benefits while minimizing cost or pain. According to different sociologists, when someone engages in a social interaction they tend to weigh the reaction of other people about what they are doing or saying and their behaviour will be dictated by the behaviour of others. This, somehow, is similar to what we are seeing in Canadian marriage where a man’s or woman’s involvement in marriage is determined by economic factors (Hou & Myles,

However, there are many kinds of social relationships and because of this, there are different types of commensality and each is important and offers significance in its own right.

The Social Exchange theory applies to everyone at one time or another. We make exchanges with friends, family, and in the workplace. We cooperate with others and make reasonable decisions to achieve a reward. Sometimes we make sacrifices with the hope of receiving something of value in return in the future.

Social Exchange Theory – Social behavior exchange theory is an exchange between parties as a representative of consent and status (Homans, 1958, p.

So the social structures, divisions and agencies which underpin society influence friendships. Analysis has identified many different types and formations of friendship of varying degrees of intimacy. Perhaps the key to understanding friendship is to understand that different friendships thrive in accordance with the different needs of each person, and that finding a person who or a friendship which meets personal expectations is where the relevance lies. A ‘symbolic interactionist’ sociological approach to future research would ascertain how that understanding between two people is reached. So, friendship exists within the social and economic context in which it was formed, and if this context alters, so does the nature of the friendship. The way in which humans manage and create friendships reacts to changes and evolves in order to sustain itself as part of the human condition. This is evidence of the value and necessity of human connection, be it friends or family, to the life experience. Studying friendship provides knowledge of social developments and changes. This is valuable in understanding human interaction and future policy within health and

In life there are many changes that can cause a true friendship to go wary such as marriage, divorce, birth of children, new careers, and sickness. However, through each of those events the two must remember to keep the intimacy, the letting down of emotional barriers and the expression of innermost thoughts and feelings, “that which makes friendships thrive must be an enjoyable one” and to “always interact” (Karbo 3). Although psychologists continue to research the formation of friendships the great philosopher Aristotle knew exactly how friendships formed and how the lasted.

Mrs. Jackson and I have the type of relationship based on reciprocity. “Reciprocity, a social norm dictating that an action performed by one party requires a compensating movement by the other, is a cornerstone of cooperative exchange relationships. I think our relationship works so well because we are both very in tune with how we think relationships should be within the workplace.

To explain human relationships further, the social exchange theory can be another definite explanation to help distinguish how we feel to be with other people and how one perceives to be with them, either to rekindle their relationship or to question the decisions that make to be in a relationship (Kelley 1959). The social exchange theory can be defined as a term that allows behaviour to be exchanged to allow a relationship between two people to happen (Huston et al., 2013). An individual social life involves interactions between two people which can be viewed as social exchanges in terms of costs and benefits (Nakagawa et al., 2013). By taking the view of human relationships the social exchange theory argues that individuals engage in a cost benefit analysis which forms their relationship with others (Milkie et al., 2004). When the costs and benefits are equal in a relationship, it is defined as equitable (Siddiqui 2008). Moreover, romantic relationships may be difficult for some people as it involves interpersonal skills in order to make them mutually satisfying therefore requires constant maintenance. Recently, Psychologists have begun to look at the breakdown of relationships and the characteristics which requires them to fail. The breakdown of relationship is a theory which explains the failure of certain human relationships and the factors that may be involved such as lack