The study tested if people's preferences for taking risks and making decisions over time are separate. Subjects made choices in a lab setting involving different types of risks and time frames. Results showed that risk and time preferences are different, supporting the idea that how we feel about risk is not the same as how we make decisions about time. The study found that people are more willing to take risks than to wait for future rewards. This research helps us understand how our attitudes towards risk and time affect our decision-making.