Replication data for: Risk and Time Preferences: Linking Experimental and Household Survey Data from Vietnam
Principal Investigator(s): View help for Principal Investigator(s) Tomomi Tanaka; Colin F. Camerer; Quang Nguyen
Version: View help for Version V1
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Project Citation:
Tanaka, Tomomi, Camerer, Colin F., and Nguyen, Quang. Replication data for: Risk and Time Preferences: Linking Experimental and Household Survey Data from Vietnam. Nashville, TN: American Economic Association [publisher], 2010. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-11. https://doi.org/10.3886/E112336V1
Project Description
Summary:
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We conducted experiments in Vietnamese villages to determine the predictors of risk and time preferences. In villages with higher mean income, people are less loss-averse and more patient. Household income is correlated with patience but not with risk. We expand measurements of risk and time preferences beyond expected utility and exponential discounting, replacing those models with prospect theory and a three-parameter hyperbolic discounting model. Comparable risk parameter estimates have been found for Chinese farmers, using our method. (C83, D12, O12, P38)
Scope of Project
JEL Classification:
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C83 Survey Methods; Sampling Methods
D12 Consumer Economics: Empirical Analysis
O12 Microeconomic Analyses of Economic Development
P36 Socialist Institutions and Their Transitions: Consumer Economics; Health; Education and Training: Welfare, Income, Wealth, and Poverty
C83 Survey Methods; Sampling Methods
D12 Consumer Economics: Empirical Analysis
O12 Microeconomic Analyses of Economic Development
P36 Socialist Institutions and Their Transitions: Consumer Economics; Health; Education and Training: Welfare, Income, Wealth, and Poverty
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