Social Exchange Theory
Social Exchange Theory: this theory deals with the examination of whether an interpersonal relationship is deemed to be worth the time and effort that is put forward into it. The theory maintains that all forms of human social behavior is a series of emotional and physical exchanges, with individuals attempting to get more out of the relationship than they lose. People commonly use this practice to evaluate friendships and romantic relationships, and the main focus of this evaluation that takes place is the exchange of resources. It is based off the work of George Hormans, who was one of the first proposes of this theory in 1974.
This so-called “exchange of resources” is what one individual is often asked to give of themselves as a favor to the friend or spouse, usually money or something that is to be borrowed. Also, the object exchanged may fall into the category of love or affection
(Stafford, 2008).
Click here to view an example of the costs outweighing the benefits of a relationship.
