+ Social Theories Social Exchange Theory + What is Social Exchange Theory? Psychological and Sociological perspective that explains social change and stability as a process of negotiated exchanges between parties. Views that all human relationships are formed by the use of a cost-benefit analysis and the comparison of alternatives. + Social Exchange Theory (cont’d) Social interaction is likened to transactions in the economic marketplace Exchange is a theory which attempts to explain interpersonal behaviors in terms of the exchange of rewards and costs + Interrelated Theories Economics Humans are rational and will seek to maximize their gain Psychology Humans will generate behaviours that will produce the greatest rewards Cultural Anthropology Exchange process derive from individuals trying to satisfy basic needs. + Social Exchange Theory Today focus on what people put into relationships and what they get out of it everything we do has costs (to be minimized) and rewards (to be maximized) associated + Social Exchange Theory Today (cont’d) REWARDS = anything that a person gains from a relation 6 main rewards: love, money, status, info, goods, services COSTS = negative consequences of a relation time, energy + How can this be related to the FAMILY Marital Relationships Sibling Relationships Parent/Child Relationship Mom says you have to babysit me tonight !!!!! And hang out with me, and play games with me, and love me and blah blah blah…. What are the COSTS for the sister to babysit her brother? What are the REWARDS? Is babysitting her brother worth it for her?