Preference for a particular future reward over another one may reverse as time passes - a behavior defined as dynamic or time-inconsistency. The general understanding is that time-inconsistency refers to the cases where a larger-later reward is preferred over a smaller-sooner one at the outset,...

Intertemporal decision making under risk involves two dimensions: time preferences and risk preferences. This paper focuses on the impact of time on risk preferences, independent of the intertemporal trade-off of outcomes, i.e., time preferences. It reports the results of an experimental study...