Examlex
A counteroffer is a rejection of the original offer.
Cognitive Biases
Refers to systematic errors in thinking that affect decisions and judgments, often leading to irrational conclusions.
Frames
Frames in negotiations refer to the perspectives or viewpoints through which problems or issues are interpreted and understood by the parties involved.
Parties
Individuals or groups involved in a process, transaction, or dispute, each with their own interests and objectives.
Numerical Probabilities
Quantitative measures expressing the likelihood or chance of specific outcomes, typically represented as fractions, percentages, or decimals.
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