The article explores how people make decisions about spending and investing money over time. By looking at how much they dislike risk and how willing they are to wait for rewards, researchers found that both factors play a role in these decisions. The level of risk aversion compared to a neutral stance determines whether people choose to hedge against future uncertainties. Meanwhile, the willingness to wait for rewards affects how much they invest in different options. However, the choice of investments is not influenced by how patient they are in most cases, except when the investment options stay the same over time.