Uncertainty Reduction Theory (URT), developed by Charles Berger and Richard Calabrese in 1975, explains how communication reduces uncertainties between strangers during initial interactions. The theory outlines the processes and assumptions involved in interpersonal communication, including the prediction of behavior, the significance of self-disclosure, and the stages of relationship development. URT emphasizes the importance of communication in managing uncertainty, highlighting the balance between proactive and retroactive techniques for information exchange.