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88 Miss. L.J. 487 (2018-2020)
What a Peppercorn Can Do: The Effect of Considerations on the Subjective Attractiveness of Objects

handle is hein.journals/mislj88 and id is 521 raw text is: WHAT A PEPPERCORN CAN DO: THE EFFECT OF CONSIDERATIONS ON THE SUBJECTIVE ATTRACTIVENESS OF OBJECTS Ohad Somech* INTRODU CTION .........................................................................488 I. THE LAW AND THEORY OF NOMINAL CONSIDERATION.........491 A . G ift P rom ises................................................................. 492 B . Option Agreem ents ........................................................ 496 II. THE VALUE INFORMING FUNCTION OF CONSIDERATION: A VIEW FROM PSYCHOLOGY................................................. 497 A . Affect and Value ............................................................ 497 B. The Evaluative Function: A Study................................ 502 1. M eth od ..................................................................... 502 2. Results and Discussion ............................................ 503 III. LEGAL IMPLICATIONS......................................................... 508 A . G ifts P rom ises ............................................................... 508 1. The Economic Analysis............................................ 508 2. Autonomy Based Theories....................................... 512 B. Option Agreem ents ........................................................ 516 1. The Economic Analysis............................................ 516 2. Autonomy Based Theories....................................... 519 C ON CLU SION ............................................................................ 519 * Visiting Fellow, Sciences-Po Law School; Research Fellow, The Zvi Meitar Center for Advanced Legal Studies, Buchman Faculty of Law, Tel-Aviv University. I thank Omri Rachum-Twaig and Asaf Wiener for their helpful comments on earlier drafts of this paper. I also thank the participants of the Tel-Aviv University PhD Private Law and Theory workshop and the Sciences-Po Law School Doctoral Seminar, for their useful and insightful comments.

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