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The Supremacy Theory of Lullaby
The superiority theory would say that you and your friends are laughing at that moment because you're getting a certain amount of joy. This could be why stand-up comedians might be prone towards self-deprecating humor, because the audience can always laugh at how pathetic they are. The relief theory is more commonly known as the relief theory held by people like Herbert Spencer and Sigmund Freud. Proponents of this theory think of laughter as sort of a psychological tool that helps get us back to homeostasis.