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Social Exchange and Rational Choice Theory
A theory stating that people interact based on self-interest and make choices by weighing costs and benefits to determine what best serves their goals.
Self-Interest
The motivation driven by evolutionary tendencies to survive and achieve personal goals.
Social Exchange
The process where individuals exchange ideas and socialize with others while considering rewards, punishments, and benefits.
Rational Choice
The process where individuals review costs and benefits to choose the option that best suits their interests.
Assumptions Under Social Exchange
People weigh incentives and trade-offs, maximize rewards, make interrelated choices, and act within social norms and expectations.
Utility Maximizers
People who choose actions that provide the greatest rewards or benefits.
Cost-Benefit Review
The process of comparing possible costs and benefits before making a decision.
Bounded Rationality
The limitation of people’s decision-making due to lack of information and influence from other actors’ choices.
Competition
A process where individuals or groups compete for limited opportunities or resources.
Conflict
A deliberate struggle where actors attempt to defeat or oppose others, often using stronger or coercive tactics.
Difference Between Competition and Conflict
Competition focuses on reaching a goal, while conflict aims to defeat the opposing actor and may involve more personal or violent actions.
Cooperation
A process where people work together and contribute to achieve a common goal that may be difficult to accomplish individually.
Accommodation
A state of neutrality in social interactions where individuals agree to maintain the status quo, similar to compromise.
Social Change
The fluctuations or deviations in the order of society that affect institutions, norms, cultures, and social structures.
Causes of Social Change
Social change may occur due to opposing forces within communities, changes in conditions, and changes in civic participation, trust, policies, and resource distribution.
Community
The most important element in creating social change, where members’ choices, participation, and actions help address problems and create progress.
Social Participation
The act of taking part in movements, organizations, projects, and community efforts that contribute to social change.