Define social exchange theory

Social exchange theory is a sociological perspective that views social interactions as a form of exchange, where individuals weigh the costs and benefits of their actions in relationships. According to this theory, individuals engage in relationships and interactions because they expect to receive rewards or benefits in return for their efforts. These rewards may be tangible, such as resources or favors, or intangible, such as emotional support or validation. The theory suggests that individuals engage in relationships where the rewards outweigh the costs, and that interactions are based on a rational assessment of the potential gains and losses involved.