PSY 3102 Lecture Notes - Lecture 5: System For Information On Grey Literature In Europe, Ope, Gie

• School: University of Ottawa
• Department: Psychology
• Course: PSY 3102
• Professor: Yaroslav Konar

Document Summary

P s y 3 1 0 2 : l e c t u r e 5. F a i r n e s s & e q u i t y. W e d n e s d a y , f e b r u a r y 8 , 2 0 1 7. Attempts to explain all types of relationships, from ones with your friends and parents to ones with romantic partner. Argues that relationships are based on exchange of resources, with added costs and benefits to each relationships. Simple economic principle of supply and demand applies. People put more value on things they do not have (e. g. , $, hugs, etc. ) 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.