New Study Reveals How Risk Aversion Impacts Investment and Spending
The study explores how people's attitudes towards risk and time affect their decisions about investing and saving money. The researchers found that when individuals have a balanced view of risk and time, they tend to make choices that focus on the present rather than the future. This means they may not save enough for the long term or invest in a diverse range of assets. The findings suggest that understanding how people balance risk and time can help predict their financial decisions.