This paper studies temporal-distance effects on individual and social risks, testing Construal Level Theory. We elicit WTPs for risky and ambiguous lotteries and vary the timing (immediately vs. in two weeks) when the uncertainty is resolved. Subjects have lower WTPs for longshots than for safer...

Isolated mini-grids (MG) can be an efficient option for rural electrification worldwide. Nonetheless, a large share of MG fail after a few years and inadequate sizing has been identified as a major risk. Academia, public authorities and funding agencies tend to consider the sizing of mini-grids...