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- Explain how social exchange theory is based upon rational choice theory
- In forming relationships, people exchange goods and services (including emotional support and interaction). People stay in relationships when they believe that the exchange is beneficial.
- Social exchange theory is rooted in rational choice theory.
- Individuals evaluate the worth of an action by subtracting the costs from the rewards.
- rewards: A gift given for positive reinforcement.
- Social Exchange Theory: It advances the idea that relationships are essential for life in society and that it is in one’s interest to form relationships with others. Of course, whether or not it is in an individual’s interest to form a relationship with a specific person is a calculus that both parties must perform.
- worth: It is having a value of; proper to be exchanged for.