HDFS 135 1st Edition Lecture 20Current LectureHistory: Late 60s and early 70s. Used to study courtship and mate selection. Blau, Thibault & Kelly, Emerson, & Homans all played a role in this theory. Roots in economics, anthropology and behaviorism. Individuals seek to maximize rewards & minimize costs in their own self-interest.Contributions from Homans: Consistent with behaviorism. The focus is on actual behavior that is rewarded or punished by the behavior of other persons.Contributions from Blau: Exchange is more subjective; choices and decisions are affected by social factors.Basic Premises:1. Individuals are rational, and they make rational choices. People weigh rewards and costs andoutcomes that make the most sense. 2. Individuals choose those alternatives from which they expect the most profit.3. If two options are percieved as rewarding, they will choose the one they see as most rewarding. Decisions will be made on past experiences.4. If two are options that are seen as costly, they will choose the one they perceive as least costly.5. Humans may choose a costly option over a rewarding one because they believe it is best for the group (family) to which they belong.These notes represent a detailed interpretation of the professor’s lecture. GradeBuddy is best used as a supplement to your own notes, not as a substitute.6. Humans may temporarily choose a costly option over a rewarding one because they perceive it as paying long term benefits.7. Humans may choose a more costly option in order to benefit a partner in an effort to keep their relationship equitable over long term.8. Equity: Over the long term, both individuals in a relationship must perceive that they are receiving benefits from a relationship relative to what they are sacrificing for it. If people areunderbenefitted, (giving more than they are receiving), it will result in anger. If they are overbenefited, (receiving more than they are giving), they will experience guilt. The most stable relationships remain
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