The study looked at how people make decisions about future rewards and risks. They found that when it comes to gaining money, the bigger the reward, the riskier people perceive it to be. This explains why people are more likely to choose smaller, immediate rewards over larger, delayed ones. However, when it comes to losing money, the risk perception doesn't change with the amount. The researchers used different experiments to show that people's perception of risk is influenced by the size of the potential gain. They also found that a simple hyperbolic model best describes how people make decisions about future rewards and risks.