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Social exchange theory - Wikipedia, the free encyclopedia
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Leader-Member Exchange Theory (LMX) - Wikipedia, the free encyclopedia
Leadership is one of the primary areas of study, research, and practice in organizational behavior. Leaders often develop relationships with each member of the group that they lead, and Leader-Member ...
en.wikipedia.org/wiki/Leader-Member_Exchange_Theory_(LM... en.wikipedia.org/wiki/Leader-Member_Exchange_Theory_(LMX) |
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Blau on the other hand does offer an exchange theory. His interest is in how exchange as a form of social activity gives rise to different forms of association and different organizational forms. There is then a gap between Homans and Blau and the rational choice theorists, Coleman and Hechter.
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Social exchange theory is based upon rewards and costs of a relationship. We base our decision to develop or maintain a relationship from the amount of profits that we could recieve. Social exchange uses the equation: Rewards-Costs=Profits to figure out whether a relationship is worth the time.
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Social Exchange Theory is a relationship maintenance theory which looks at how people arrive at their decisions in relationships. ... The Principia Cybernetica Web offers some more interesting sites at Decision Theory and Systems Analysis. (You may have to access these from the Principia's "Prisoners' Dilemma" site linked...
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Such nature of social life is often the rationale for the claim that the social exchange paradigm features equivalent generality and relevance for sociological theory. This claim is reexamined in this paper, by putting emphasis on rational choice and behaviorist versions of social exchange theory.
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