Theories of Social Exchange suggest that social behavior is the result of an exchange process. Individuals weigh the potential benefits and risks of social relationships, seeking to maximize rewards while minimizing costs. This perspective emphasizes that interactions are based on perceived value, where people engage in relationships that they believe will be beneficial. Key concepts in these theories include reciprocity, where mutual exchanges strengthen relationships, and comparison levels, which refer to the standards individuals use to evaluate the outcomes of their interactions. Overall, these theories provide a framework for understanding how and why people form and maintain social connections.