Social exchange theory is a psychological and sociological concept that explains social behavior in terms of the exchange of resources. It suggests that individuals weigh the potential benefits and risks of social relationships, seeking to maximize rewards while minimizing costs. This theory posits that relationships are maintained based on the perceived value of the exchanges involved. According to social exchange theory, people engage in interactions that they believe will yield the most favorable outcomes. Factors such as trust, commitment, and reciprocity play significant roles in these exchanges. The theory can be applied to various contexts, including friendships, romantic relationships, and workplace dynamics.