Exchange Theory applies Rational Choice Theory to understand what type of interactions?

Exchange Theory applies Rational Choice Theory specifically to social interactions among individuals. It posits that social behavior is the result of an exchange process aimed at maximizing benefits and minimizing costs. This theory highlights how individuals make decisions based on the perceived rewards and expenses of social relationships. By focusing on these interpersonal exchanges, Exchange Theory provides insights into how social connections are formed and maintained based on mutual benefit.

In contrast to other contexts like political negotiations, economic transactions, or biological interactions, Exchange Theory is primarily concerned with the dynamics of human relationships and the motivations behind social behavior. Thus, it emphasizes the subjective evaluation of social exchanges as individuals engage with one another to fulfill their needs and desires.