humans

Some proponents of social exchange theory include Peter Blau and Richard Emerson. Blau's work focused on the dynamics of social exchange within formal organizations, while Emerson emphasized the importance of interdependence in relationships. Both scholars contributed to the development and popularization of social exchange theory in sociology.

The social exchange theory does not have a single equation. However, a common concept in the theory is the idea of comparing the rewards and costs of a relationship to determine whether to continue or terminate it. This assessment is influenced by factors such as perceived benefits, alternatives, and the equity of the exchange.

A subtheory (sub-theory) is a theory which is based upon, or largely contained within, a larger theory. For instance, in my own field of sociology, value conflict theory might be considered a subtheory of conflict theory. Similarly, social exchange theory is a subtheory of social behaviorism.

Social Contact Theory