George homans social exchange theory

Often, we are taught to weigh pros and cons, or risks and rewards, in decision-making. This practice typically involves the pursuit of material things, but it can theoretically apply to our interpersonal relationships. 

The rationale behind this comes from a sociological concept known as social exchange theory. The concept can be used to explore interpersonal dynamics in a wide range of contexts, from dating and friendships to professional relationships. In social work, social exchange theory can be an effective tool to help social workers better explore the complex relationships that may hinder an individual’s ability to achieve optimal well-being. This understanding also can serve as a means to help a social worker build rapport with a client.

Social exchange theory is not necessarily a one-size-fits-all concept. Individuals equipped with an advanced degree in social work must have an understanding of the complexities behind the theory and how these complexities may appear

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Social exchange theory

Generalization theory explaining social behaviour regarding society and economics

Social exchange theory is a sociological and psychological theory that studies the social behavior in the interaction of two parties that implement a cost-benefit analysis to determine risks and benefits. The theory also involves economic relationships—the cost-benefit analysis occurs when each party has goods that the other parties value.^[1] Social exchange theory suggests that these calculations occur in a variety of relationships, from romantic relationships and friendships to professional relationships, and even in ephemeral interactions, such as exchanging words with a customer at the cash register.^[2] Social exchange theory says that if the costs of the relationship are higher than the rewards, such as if a lot of effort or money were put into a relationship and not reciprocated, then the relationship may be terminated or abandoned.^[3]

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Understanding Social Exchange Theory in Psychology

What Is Social Exchange Theory?

Social exchange theory is a concept based on the idea that social behavior is the result of an exchange process. According to this theory, people weigh the potential benefits and risks of their social relationships. When the risks outweigh the rewards, they will terminate or abandon the relationship. The purpose of this exchange is to maximize benefits and minimize costs.

Most relationships are made up of a certain amount of give-and-take, but this does not mean that they are always lika. Social exchange suggests that it is the valuing of the ​benefits and costs of each relationship that determine whether or not we choose to continue a social association.

This theory of social interaction has been used across a variety of fields, including sociology, psychology, and even economics.

One of the most basic examples of social exchange theory is being asked on a date. If you feel that the