Examlex
Ed participated in a psychology experiment in which he turned pegs on a board for one hour.Although the task was very boring,the experimenter said,"I will pay you $1 if you tell the next participant that this experiment is the most exciting experiment that you have ever been in." Julie also participated in the same experiment; however,the experimenter offered to pay her $20 to lie to the next participant.According to cognitive dissonance theory,Ed will later report that experiment was ____,and Julie will report that it was ____.
Counteroffer
An offer made in response to another offer, rejecting the original offer and presenting new terms for an agreement.
Option
A separate contract in which an offeror agrees not to revoke her offer for a stated period of time in exchange for some valuable consideration.
Reasonable Time
A period that is fair and appropriate given the circumstances, often used in contracts to define a period for the performance of an obligation.
Subjective Approach
A perspective or method that relies on personal opinions, interpretations, feelings, or tastes, rather than objective or external facts.
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