Theories of social exchange

Theories of social exchange suggest that social relationships are built on a cost-benefit analysis, where people seek to maximize rewards and minimize costs. Individuals interact based on expectations that others will respond positively or fairly, leading to mutual benefits. When the perceived rewards outweigh the costs, relationships tend to strengthen; if not, they may weaken or end. These theories highlight that relationships are maintained through ongoing negotiations of giving and receiving, and factors like trust, fairness, and reciprocity influence their stability and quality.