Social Exchange Theory

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Last updated 9:15 AM on 1/13/26
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10 Terms

1
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who were the psychologists?

Thibaut and Kelley

2
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whats the main idea?

  • it is an economic theory of relationship

  • we maximise rewards and minimise the costs in a relationship

3
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what are the 4 main concepts of this theory?

  • costs

  • reward

  • comparison levels

  • comparison level alternatives

4
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rewards of a relationship

  • security

  • love

  • emotional support

  • trust

  • family

  • shared interests and hobbies

5
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costs of a relationship

  • time consuming - less time with yourself

  • could end up badly - risk

  • could be a waste of time

  • could be a waste of money

  • conflict

  • opportunities lost

6
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comparison level

  • the satisfaction level depends on previous experiences of relationships

  • if the current relationship is better than the past one, we are motivated to stay and vice versa

7
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comparison level alternative

  • if the costs of the current relationship outweigh the rewards, then alternatives become more attractive

8
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strengths - research support

  • Lawrence Kurdek

  • asked couples to complete questionnaires

  • measured relationship commitment and SET variables

  • found that partners who were most committed perceived the most rewards and fewer costs and viewed alternatives as relatively unattractive

  • therefore = as these findings match predictions from SET, strongly confirming the validity of the theory in both heterosexual and homosexual couples

9
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limitations - claims that dissatisfaction only arises after a relationship stops being “profitable”

  • according to SET, thinking about costs in a relationship causes us to become dissatisfied

  • but Michael Argyle argues that we don’t monitor costs and rewards or consider alternatives when we are in a happy relationships

  • he states that dissatisfaction causes people to think about costs

  • therefore = this suggests that considering costs/alternatives is caused by dissatisfaction rather than the reverse

SET = thinking about costs — dissatisfaction

Michael Argyle = dissatisfaction — thinking about costs

10
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limitation = vague concepts

  • rewards and costs are subjective

  • e.g. most people would consider “loyalty” to be a reward however some may consider it as a “cost” e.g. being in an abusive/obsessive relationship

  • it is also unclear what the values of Cl and ClAlt must be before dissatisfaction threatens a relationship

  • therefore = this means the theory is difficult to test in a valid and reliable way