Chapter 6 Fairness and equity Flashcards
Explain social exchange theory
all relationships are based on an exchange of resources in any relationship, people are motivated to maximize their rewards and minimize costs
Define rewards
anything that an individual values scarce resources generally have more value
Define opportunity costs
rewarding someone usually creates these costs
Define satiation
rewards tend to lose value if they are received consistently over time
Most rewards can be classified in one of six categories; what are they?
love status information money goods services
Rewards differ along two dimensions; what are they?
1) how particularistic they are - source of reward matters and doesn’t
2) abstract vs. concrete
Define equity.
innate sense of fairness
this is most valued by people
How does social comparison relate to equity?
social comparison also serves to gauge fairness as does comparing oneself to your romantic partner
Inequity: Being under-rewarded results in what?
anger, frustration
Inequity: Being over-rewarded results in what?
guilt (?), satisfaction
Explain the investment model.
the attraction and dependence are influenced to some extent by the level of investment one has in a relationship
What are the three types of investments?
financial (like a house)
temporal (such as time spend together)
emotional (such as in the welfare of the children)
This equation is a satisfaction predictor.
SAT = (Rewards - Costs) - Comparison Level
This equation is a commitment predictor.
Com = SAT + Investments - Alternative Quality
Define casual relationships.
characterized by exchange principles (what have you done for me today)
