Social Exchange Theory For Analysis Essay

Social Exchange Theory For Analysis Essay

Length: 997 words (2.8 double-spaced pages)

Rating: Better Essays

Open Document

Essay Preview

Throughout the lifetime of an average human being, one will meet thousands of people, form hundreds of acquaintances, make many close friends, and have multiple romantic relationships. The idea that what encourages an individual to voluntarily turn an acquaintance into a close friend, or into a romantic partner, is that the relationship is seen as profitable is called the Social Exchange Theory. The basis of Social Exchange Theory is that individuals tend to choose to form or continue relationships where the rewards outweigh the costs of the relationship. I chose the Social Exchange theory for analysis because I saw a direct application of it in my recent personal life. Throughout this paper, I will be analyzing the application of this theory to the decision-making that went into forming a new romantic relationship with my now boyfriend, Bruno.
To briefly summarize Social Exchange Theory, it is described as a calculated cost-benefit analysis formula that looks something like as follows: rewards - costs = likelihood of formation or continuation of relationship in question. An important part of this theory is that factors considered costs and rewards are completely subjective. In other words, something that may be a cost to one person could be considered a reward to another. Some examples of potential costs of a relationship are time consumption, depending on the partner, exclusivity of the relationship, being tied down, and stress and worry about the potential fallout of the relationship. A few examples of potential rewards of a relationship are companionship, acceptance, support, intimacy, and having a confidant. Another key point of this theory is that although people do feel it’s necessary to reciprocate these rewards, the dist...

... middle of paper ...

...r start a relationship comes down to whether the rewards outweigh the costs or not. Humans base the worth of a relationship on its profitability. Bruno and I’s decision to go into a relationship with each other was based on the fact that the pros outweighed the cons of the potential relationship. We also discussed which rewards we would need to reciprocate to each other to keep the relationship seemingly profitable. Since we were able to be so open about what each of us saw a reward and a cost, the line of communication between us is very clear. We both know what the other requires to stay happy in the relationship and what could be potentially damaging. Even more importantly, this has allowed us to form a very close relationship where we feel very secure in disclosing personal information with the other person despite the short amount of time we’ve known each other.

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

An Exploration of Conflict and Social Exchange Theory Essay

- Introduction In developing my ability to analyze conflict from different theoretical perspectives, I have learned through different theories how to practice different steps to manage my reactions to them. What I hope to accomplish within my paper is a general broad overview analysis of my experience with both Interpersonal Theories and Relationship Theories. I also wish to explain how when conflicts do arise, the steps on what people should do when making choices when they communicate in conflict situations....   [tags: Social Exchange Theory in Relationships]

Better Essays
2036 words (5.8 pages)

Social Exchange Theory Essay

- Social Exchange Theory (SET), a theory based around basic economic principles, evaluation of relationships; consisting of four measures and has been argued whether or not it’s even a theory at all. Richard M. Emerson, a former theorist suggests that SET is “a frame of references within which many theories –some micro and some macro–can speak to one another, whether in argument or mutual support” (Emerson, 1976, p. 336). SET is based on how humans evaluate relationships by making rational calculations based on costs and rewards, designed to maximize individual profit....   [tags: Rewards,Costs, Economy]

Better Essays
1528 words (4.4 pages)

Essay on A Cross Cultural Representation Of Value And Exchange Theory

- This course has focused on a cross-cultural representation of value and exchange theory through the perspectives of Marcel Mauss, Bronislaw Malinowski, Pierre Bourdieu, Arjun Appadurai and David Graeber. While we have spent a great deal of time exploring specific exchange systems such as Kula and Potlatch, this essay will focus on the technical theories related to value construction and exchange. In order to accomplish this, I will ground the foundation of my paper in chapter two of Graeber’s work “Toward an Anthropological Theory of Value” and use this to thoroughly examine the ideas of Marx and Bourdieu in relation to commodity economies....   [tags: Sociology, Economics, Karl Marx, Anthropology]

Better Essays
831 words (2.4 pages)

Leader-Member Exchange and Citizenship Behaviors: A Meta-Analysis Assignment one for Organizational behavior

- Introduction Leader-Member Exchange Theory, also called LMX or Vertical Dyad Linkage Theory, describes how leaders in groups maintain their position through a series of tacit exchange agreements with their members. High-quality leader–member relationships or exchanges are characterized by high levels of trust, interaction, support, and formal and informal rewards. Research on supervisor–subordinate relationships has shown convincingly that leaders do not behave consistently toward all subordinates .Instead, leaders form different quality relationships with their subordinates .Essentially, high-quality leader–member relationships(or exchanges; LMX) are characterized by a high degree of mutua...   [tags: Critical Essay, Theory]

Better Essays
1685 words (4.8 pages)

Essay on The Leadership Theory Of Leadership

- Many theories have been introduced to shape the leadership approach. As in today’s world, it is important for one to have the most resourceful skill when it comes to leadership. It is being fulfilled by incorporating proper leadership approach. To fulfill the social needs path-goal is useful for a leader than any other theories to be successful. This theory is based on emphasizing a leader 's technique or actions that fit the employee and work atmosphere in order to achieve a goal within an organization....   [tags: Leadership, Management, Path-goal theory]

Better Essays
922 words (2.6 pages)

Legitimacy Theory : Definition And Analysis Essay

- 3.2 Legitimacy Theory | Definition and Analysis 3.2.1 Introduction to Legitimacy Theory Legitimacy Theory is the notion that for an organization to survive and continue to function and achieve its purpose and goals, it needs to conform to the socially constructed systems of norms, values, beliefs, and expectations (Burlea, 2013). Suchman (1995) defined legitimacy as the validation that the actions, goals, functions, structure, and disclosures of an organization is proper, accepted, and within the boundaries of the Social Contract....   [tags: Sociology, Society, Civil society, Social contract]

Better Essays
740 words (2.1 pages)

Essay on Similarities Between Leaders And Managers

- Leaders and managers are similar in that they have a common purpose; to achieve goals. Yet, they are not the same. A leader is an individual who utilizes their strengths in communication with others to guide their teams in accomplishing a specific task. They have a wide variety of tactics and skill-sets used to influence groups to meet targets set by a manager or an organization. A manager, on the other hand, is an individual who has operational responsibilities for attaining goals set by the organization for which he or she is employed....   [tags: Management, Leadership, Social exchange theory]

Better Essays
715 words (2 pages)

Analysis Of The Exchange Between Thomas Jefferson And James Madison Essay

- After reading the exchange between Thomas Jefferson and James Madison on the question of central importance to American constitutionalism—whether any Constitution, including the United States Constitution, needs to be positively reauthorized or not by every succeeding generation for it to remain legitimate, I believe that what Jefferson demands in his letter as in all too much else, is ignorance, even rage against the past. His principle on expiring the constitution and laws every 19 years would only result in weak government that offers no social continuity and stability....   [tags: United States Constitution, James Madison]

Better Essays
1133 words (3.2 pages)

Theories of Symbolic Interactionism Exchange Theory and Rational Choice Theory

- Theories of Symbolic Interactionism Exchange Theory and Rational Choice Theory This essay will address actions of individuals and the contribution individual actions make to the social structure, how society flows to the actor via the “Me” and is constructed or reconstructed by the “I,” giving the “I” a place in creating society. I will further analyze the theories and explore the impact of norms and values on the decisions by the actors. This analysis will include the concepts and theories of symbolic interactionism, exchange theory and rational choice theory, through the works of Mead, Blau, Homans, and Ritzer....   [tags: Papers]

Better Essays
807 words (2.3 pages)

Karl Heinrich marx and Social-Conflict Analysis Essay

- ... With the help of his dear friend Friedrich Engels, Karl Marx created much of the theory of socialism and communism that we know today. Marx lived during the nineteenth century, a turmoil time where small numbers of industrialists in the United States were amassing great fortune while the poor were getting poorer. Marx set out to explain a glaring contradiction: how, in a society so rich, can there be so many poor. In The Communist Manifesto co-written by Karl Marx in 1848 is renowned as one of the most influential political documents in the world. The publication of the book earned Marx the reputation of a prominent sociologist and political theorist....   [tags: theory, socialism, communism]

Better Essays
645 words (1.8 pages)