What is the difference between equity theory and expectancy theory? Select answer from the options below Equity theory discusses the need for fairness in the workplace, whereas expectancy theory discusses the expectation of fair compensation. Equity theory has conclusive suggestions for application in the workplace, while expectancy theory is inconclusive as to how it should be applied in the workplace. Equity theory applies when rewards are kept private, while expectancy theory applies when rewards are compared. Equity theory discusses the impact of social comparisons on motivation, whereas expectancy theory discusses the relationship between motivation and expected rewards from hard work