Review:
Exchange Theory
overall review score: 4.2
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score is between 0 and 5
Exchange theory is a sociological concept that explains social change and stability as a process of negotiated exchanges between individuals or groups.
Key Features
- Mutual benefit
- Costs and rewards
- Reciprocity
- Interdependence
Pros
- Helps understand social interactions and relationships
- Explains how individuals assess the value of relationships
- Useful in predicting human behavior
Cons
- May oversimplify complex social dynamics
- Does not account for emotions and irrational behaviors