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Return to the Case of Jan,the Hyperbolic Discounter from the Previous

question 17

Multiple Choice

Return to the case of Jan,the hyperbolic discounter from the previous question. Suppose she can sign a contract that requires her to give up money equivalent to a loss of X utils if she does not undertake the action. Assume she does not behave consistent with her plans without this contract. How high would the contractual value of X have to be to prevent her inconsistency?


Definitions:

Fertilized Human Ova

Human eggs that have been inseminated by sperm, marking the beginning of human development.

Instrumentally Valuable

Something valued not for its own sake, but for the utility it brings in achieving something else considered as an end.

Permissible

Allowed or permitted within a certain set of rules, laws, or ethical guidelines.

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