Özgümüs, Asri; Rau, Holger A.; Trautmann, Stefan T. - In: Journal of economic psychology 102 (2024), pp. 1-12
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...