Social exchange theory has its origins in Structural Anthropology (Levi-Straus), Behavioral Psychology (B. Skinner, Albert Bandura), Utilitarian Economics (D. organisms, subjects, units) create sets of strategies that they believe will increase the odds in their favor. Out of a very basic desire to seek rewards and avoid punishments, individuals (a.k.a.The theory asserts the notion that, when interacting, people need information about the other party in order to reduce their uncertainty.
(That the dollar is used as a “vehicle currency” explains why its trading volume is so high: someone wanting to go from the Malaysian ringgit to the South African rand passes through the dollar on the way.) Next, 37 percent of foreign exchange transactions involved the euro, 20 percent the yen, 17 percent the British pound, 6 percent the Swiss franc, 5 percent the Australian dollar, and 4 percent the Canadian dollar.
According to the theory, people find uncertainty in interpersonal relationships unpleasant and are motivated to reduce it through interpersonal communication.
In 1975, Charles Berger and Richard Calabrese created uncertainty reduction theory "to explain how communication is used to reduce uncertainties between strangers engaging in their first conversation together".
A list of commonly-used vocabulary with a recording of the words in Real Media and Windows Media formats.
There is a short pause between each word, so learners are encouraged to repeat after the speaker.