Describe social exchange theory and how it applies to later stages in a relationship
Answer:
Social exchange theory (Thibault & Kelley, 1959) argues that in U.S. society people attempt to maximize the rewards and minimize the costs of their friendships and romantic relationships. The rewards of such relationships include companionship, being cared for, and in some cases, sex, among others. The "exchange" part of the theory argues that in exchange for these rewards, people provide similar rewards to their relationship partners. Of course, providing rewards for others counts as a "cost," so the belief is that people seek relationships where perceived rewards outweigh perceived costs. Based on this theory, individuals are satisfied in and committed to their relationships when they feel they are receiving sufficient rewards and not too many costs. Although the fundamental ideas of social exchange may make sense, many people object to it because they see as it as calculating and unromantic.
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