What is social exchange theory in simple terms? Social exchange theory is a concept based on the notion that a relationship between two people is created through a process of cost-benefit analysis. In other words, it’s a metric designed to determine the effort poured in by an individual in a person-to-person relationship.
Which of the following is an example of social exchange theory? Example. A simple example of social exchange theory can be seen in the interaction of asking someone out on a date. If the person says yes, you have gained a reward and are likely to repeat the interaction by asking that person out again, or by asking someone else out.
What is the meaning of social exchange? Social exchange theory is a two-sided process involving two actions – one is to give and the other is to get something in return. Many psychologists consider the social exchange theory as highly individualistic.
What is the guiding principle of social exchange theory quizlet? In social exchange theory, behavior is guided by this principle, which states that to receive we must also give. The more rewards and fewer costs in a relationship, the more satisfying and more enduring.