The concept of Social Exchange Theory primarily revolves around which of the following aspects?

Study for the UVA Social Psychology exam. Enhance your understanding with multiple choice questions that provide hints and explanations. Prepare effectively for your test!

Social Exchange Theory is fundamentally based on the idea that human relationships are formed and maintained based on a cost-benefit analysis. This theory posits that individuals engage in social interactions expecting that the rewards (the benefits we gain from relationships) will outweigh the costs (the investments we put into relationships).

In this context, rewards can include things like emotional support, companionship, and intimacy, while costs can involve time, effort, and potential emotional distress. When individuals perceive that the rewards exceed the costs, they are likely to continue investing in and sustaining the relationship. Conversely, if the costs are perceived to outweigh the rewards, individuals may choose to exit the relationship or reduce their commitment.

The other options do not encapsulate the essence of Social Exchange Theory. While physical attraction can play a role in determining initial interest, it does not address the broader framework of cost and reward that the theory emphasizes. Similarly, the role of fate suggests that relationships are determined by luck or chance rather than strategic decision-making, which contradicts the proactive nature of social exchange. Finally, while peer pressure can influence relationships, it does not define the central tenet of weighing costs against rewards that Social Exchange Theory focuses on.

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