PSY 3102 Lecture Notes - Lecture 5: No Expectations, Erogenous Zone, Indolamines
22 Jan 2018
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Attempts to explain all types of relationships, from one"s with your friends and parents to ones with romantic partners. Argues that relationships are based on exchange of resources, with added costs and benefits to each relationships. Equates relationship with a stranger to an intimate relationship. Simple economic principle of supply and demand applies. Giving another person some sort of reward comes at a cost to the giver. Repeated giving or receiving of the same commodity can result in an unequal cost-reward ratio. Goods and services = more concrete than money. All 3 are more concrete than love , status and information (all abstract) Love is more particularistic: it needs to come from the right persons. $ is the least particularistic: its value is always the same. Equality is treating everyone the same while equity is giving people who need help get what they need. Others argues that people try to seek fairness, hence equity theory.
