The article explores how people make choices when faced with different types of risks and time frames. The researchers conducted experiments to see if individuals prefer mixing between lotteries and found that most people prefer mixing over choosing one lottery. They also discovered that presenting outcomes as losses rather than gains affects how people make decisions, with losses leading to more extreme choices. Additionally, the order in which people evaluate risks over time can impact their decisions, especially under certain models. These findings have implications for understanding risk preferences and decision-making in various situations.