This paper studies temporal-distance effects on individual and social risks, testing Construal Level Theory. We elicit …

economic preferences for risk and ambiguity are derived from estimation of a mixed logit model, where the choice probabilities … are functions of two random effects: the proxies for risk-aversion and ambiguity-aversion. Our principal empirical finding … is that we cannot reject the null hypothesis that risk and ambiguity are independent in economic choice under uncertainty …

We examine risk attitudes under regret theory and derive analytical expressions for two components - the resolution and … regret premiums - of the risk premium under regret theory. We posit that regret-averse decision makers are risk seeking (resp …. Our results confirm the predominance of regret aversion but not the risk attitudes predicted by regret theory; they also …