Social Exchange Theory

Social Exchange Theory - Social Exchange Theory The...

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Social Exchange Theory The remaining theory and second interactionist theory is Social Exchange. Social Exchange claims that society is composed of ever present interactions among individuals who attempt to maximize rewards while minimizing costs. Assumptions in this theory are similar to Conflict theory assumptions yet have their interactistic underpinnings. Basically, human beings are rational creatures, capable of making sound choices once the pros and cons of the choice are understood. This theory uses a formula to measure the choice making processes. (REWARDS-COSTS)=OUTCOMES or ("What I get out of it"-"What I lose by doing it")="My decision" We look at the options available to us and weigh as best we can how to maximize our rewards and minimize our losses. Sometimes we get it right and other times we make a bad choice. One of the powerful aspects of this theory is the concept of Equity. Equity is a sense that the interactions are fair to us and fair to others involved by the consequences of our choices. For example, why is it that women who work 40 hours a week and have husbands who work 40 hours per week do not perform the same number of weekly hours of housework and childcare? Scientists have surveyed many couples to find the answer. Most often, it boils down to a sense of fairness or equity. Because she defines it as her role to do housework and childcare, while he doesn't; because they tend to fight when she does try to get him to perform housework, and
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This note was uploaded on 12/04/2011 for the course ANTHRO 2000 taught by Professor Monicaoyola during the Fall '10 term at Broward College.

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Social Exchange Theory - Social Exchange Theory The...

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