Social Exchange Theory

Question 1

Social Exchange Theory

Answer 1

• Assumes that people try to maximise the rewards they obtain from a relationship and minimise the costs. (Minimax principle)
• The exchange comes from the assumption that when people receive rewards from others they feel obliged to reciprocate.

Question 2

Examples of Rewards and Costs (SET)

Answer 2

Rewards:
- Companionship, Sex
Costs:
- Missed opportunities, Time, Money

Question 3

Stages of Long-Term Relationships

Answer 3

• Sampling stage: The couple explores the rewards and costs in a variety of relationships.
• Bargaining: The couple negotiates the relationship and agrees the rewards and costs.
  Commitment: The couple settles into the relationship and the exchange of reward becomes predictable.
  Institutionalisation: Norms and expectations are firmly established.

Question 4

Comparison level

Answer 4

How satisfied individuals are with the reward and cost which depends on expectations from previous relationships.

Question 5

Comparison Level for Alternatives

Answer 5

Level of satisfaction depends on the rewards and costs if they formed a relationship with someone else.