Question: How much should someone with time-inconsistent preferences be willing to pay for Clocky? a. Nothing, because a regular alarm will work just as well. b.

How much should someone with time-inconsistent preferences be willing to pay for Clocky?
a. Nothing, because a regular alarm will work just as well.
b. Something, because Clocky increases his utility by getting him up at the right time.
c. You’d have to pay him to use Clocky, because his utility is decreased by having to get out of bed and search around to shut off the alarm.

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