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Social Exchange Theory

In: Social Issues

Submitted By toluwani7
Words 2516
Pages 11
Theories Of Relationship
Theories Of Relationship
[Document Title]
[Document Title]
Elizabeth Wiwoloku
Elizabeth Wiwoloku

Introduction
There are two main theories applied to relationships, Social Exchange Theory and Equity Theory underpin commonly used behavioural therapies such as Cognitive Behavioural Therapy, Enhanced Cognitive Behavioral Therapy and Integrative Cognitive Behavioural Therapy. More recent studies in neuroscience and behavior and the importance of language have led to the development of Relational Frame Theory and Acceptance and Commitment Therapy as an alternative approach. In this essay I will outline the relationship models comparing and contrasting them
Social exchange theory
Social exchange theory analyses interactions between two parties by examining the costs and benefits to each. The key point of the theory is that it assumes the two parties are both giving and receiving items of value from each other. Under this theory, interactions are only likely to continue if both parties feel they coming out of the exchange with more than they are giving up that is, if there is a positive amount of profit for both parties involved. The Social Exchange Theory by Thibaut and Kelly (1978) originates from economy sociology and psychology. It is also a well know theory in sociology that explains the variations and modifications of social relationships development between individuals. The social exchange theory assumes that all human relationships are a matter of costs and rewards and people evaluate the worth of their relationship to make a rational decision of whether or not to progress.
To understand the content of the Social Exchange theory, the definitions of costs and rewards must be understood. Cost is the part of a relationship where parties have to place work and exertion. An example of a cost is arranging regular meetings, which usually take

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