In exchange processes, higher status people tend to get better deals than lower status people.

Name: In exchange processes, higher status people tend to get better deals than lower status people.
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This is known as the status bargaining effect or the status characteristic theory, which suggests that people with higher status (such as wealth, education, or job prestige) have greater bargaining power and can negotiate better deals for themselves in social exchanges.

In Exchange Processes, Higher Status People Tend to Get Better