Exchange Theory and Rational Choice Theory

Credits, references, and bibliography


The Exchange Theory
(3) of George Homans (see also)

Operant Conditioning:

Roots in Behaviorism

Basic Propositions

  1. Success (act, reward, repeat)
    1. Satiation
    2. Interval between act and reward
    3. Regular-irregular
  2. Stimulus (same response to same stimulus)
    1. Generalization
    2. Discrimination
    3. Rewards can be materialistic or altruistic--not simple hedonism.
  3. Value
    1. Rewards
    2. Punishments (inefficient)
  4. Deprivation-Satiation (frequency of reward)
    1. Cost (rewards lost by not pursuing alternatives)
    2. Profit (rewards over costs)
    3. So, the greater the profits, the more likely the behavior
  5. Aggression-Approval
    1. If expected rewards not forthcoming, may act on anger and frustration
    2. If rewarded, then repeat
  6. Rationality
    1. Maximize utilities
    2. Value and probability of attainment

"George Homans (1910-1989) developed an exchange theory of everyday behavior that grounded itself in the propositions of behaviorist psychology.  Homans was a psychological reductionist, which means that he believed that sociological phenomena could be explained through the more basic principles of psychology.  In particular he drew on the behaviorist theory of operant conditioning to argue that individual behaviors are learned when particular behaviors are reinforced through interactions with the environment.  Psychological behaviorists, such as B. F. Skinner (1904-1990), studied pigeons or rats in interaction with their environment.  In contrast to Skinner's study of individual behavior, Homans was interested in what is called reciprocal behavior.  He studied the way that human beings interacted with one another and, in particular, the way that the activities of two or more people reinforce or punish the behaviors of others.  Despite his interest in interpersonal interaction, Homans believed that sociology did not need to invent new theories to understand social interaction.  Rather, by extending basic behaviorist propositions, he argued that he could explain all social behavior.  These propositions underlined the importance of concepts such as response generalization, stimulus discrimination, reward, punishment, cost, and profit to the understanding of everyday behavior.  In short, Homan's theory views the actor as a rational profit-seeker who is conditioned to seek particular rewards over others."(1)

Helpful links:

  1. Social Exchange Theory: http://www.researchgate.net/profile/Russell_Cropanzano/publication/234021447_Social_Exchange_Theory_An_Interdisciplinary_Review/links/0a85e533ad9de76aa1000000.pdf
  2. Wikipedia: http://en.wikipedia.org/wiki/Social_exchange_theory

JSTOR Articles

  1. George C. Homans. 1958. " Social Behavior as Exchange." The American Journal of Sociology, Vol. 63, No. 6, Emile Durkheim-Georg Simmel, 1858-1958 (May), pp. 597-606. http://www.jstor.org/stable/2772990
  2. Richard M. Emerson. 1976. "Social Exchange Theory." Annual Review of Sociology, Vol. 2,, pp. 335-362. http://www.jstor.org/stable/2946096

Rational Choice Theory


James S. Coleman The basic model:

"Foundations of Social Theory "James Coleman (1926-1995) was very influential in the development of rational choice theory.  Not unlike Homans's exchange theory, Coleman's rational choice views the individual as a rational profit seeker.  However, where Homans's theory is rooted in behaviorist psychology, Coleman's theory is rooted in neoclassical economics.  Rational choice theory assumes that people act purposively in order to maximize individual goals.  Actors' efforts to achieve these ends are constrained by two factors.  First, some actors have greater access to resources than others.  As such, individual behavior is based on the calculations that people make as they try to balance their access to resources against the opportunity costs that are involved in trying to realize certain ends over others.  Second, individual action is constrained by the social institutions that restrict the choices that people can make in achieving their ends.  These choices are also shaped by the kinds of information to which individual actors have access.  Coleman argues that rational choice theory provides a potential bridge between microsocial behaviors and macrosocial structures.  Although his focus on the choices made by individual actors makes Coleman a methodological individualist, Coleman argues that the aggregate behavior of individual actors leads to the emergence of systems of action, or social structures.  In other words, the individual effort to maximize personal gains creates social structures that condition the kinds of choices individual actors are able to make."(1)

Useful Links:

  1. ASA Section on Rationality and Society: http://www.asanet.org/sections/rationality.cfm
  2. Rational Choice Theory: http://www.soc.iastate.edu/sapp/soc401rationalchoice.pdf
  3. Keel, Robert. 2005 (last update, original 1995). "The Evolution of Classical Theory: Rational Choice, Deterrence, Incapacitation and Just Desert." (http://www.umsl.edu/~keelr/200/ratchoc.html) Accessed 10/20/08.
  4. Emerson's Integrative Exchange Theory

quiz

Works Cited

1. Much of this page comes from the "Instructor's Manual" to accompany Contemporary Sociological Theory and Its Classical Roots: The Basics, Second Edition, George Ritzer, Mcgraw-Hill, 2007. The Instructor's Manual was prepared by James Murphy, University of Maryland, College Park and Todd Stillman, Fayetteville State University. These excerpts are from chapter 6.
2. Ritzer, George. 2010/2013. Contemporary Sociological Theory and Its Classical Roots: The Basics. 3rd/4th ed. St. Louis: McGraw-Hill.
3. Student Presentation from Iowa State University, http://www.soc.iastate.edu/sapp/soc401gp.html, Spring 2008 Sociology 401, taught by: Dr. Steve Sapp, accessed 10/15/08)

URL: http://www.umsl.edu/~keelr/3210/3210_lectures/exchange_rct.html
Owner: Robert O. Keel:
rok@umsl.edu
Last Updated: Wednesday, October 28, 2015 11:24 AM

Unless otherwise noted, all pages within the web site http://www.umsl.edu/~keelr/ ©2015 by Robert O. Keel.
Click here to Report Copyright Problems