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1、forthcoming,theAmericanEconomicReviewRiskandtimepreferences:LinkingexperimentalandhouseholdsurveydatafromVietnamTomomiTanaka,ColinF.CamererANDQuangNguyen*AbstractWeconductedexperimentsinVietnamesevillagestodeterminethepredictorsofriskandtimepreferences.Invillageswithhighe
2、rmeanincome,peoplearelessloss-averseandmorepatient.Householdincomeiscorrelatedwithpatiencebutnotwithrisk.Weexpandmeasurementsofriskandtimepreferencesbeyondexpectedutilityandexponentialdiscounting,replacingthosemodelswithprospecttheoryandathree-parameterhyperbolicdiscounti
3、ngmodel.ComparableriskparameterestimateshavebeenfoundforChinesefarmers,usingourmethod.(JELC93,D81,D9)*Tanaka:SchoolofGlobalStudies,ArizonaStateUniversity,P.O.Box875102,Tempe,AZ85287-5102(email:tomomi.tanaka@asu.edu);Camerer:DivisionfortheHumanitiesandSocialSciences,Califo
4、rniaInstituteofTechnology,MC228-77,PasadenaCA91125(email:camerer@hss.caltech.edu);Nguyen:Grouped’AnalyseetdeThéorieEconomique(GATE),CNRS,FacultédeSciencesÉconomiquesetdeGestion,UniversitéLumière(Lyon2)(email:nguyenq@gate.cnrs.fr).ThisresearchwassupportedbyaBehavioralEcono
5、micsSmallGrantfromtheRussellSageFoundation,FoundationforAdvancedStudiesonInternationalDevelopment,andinternalCaltechfundstoauthorCamerer.CommentsfromparticipantsattheESAmeeting(October2005),SEAmeeting(November2005),SJDM(November2005),ASSAmeeting(January2007),audiencesatCo
6、lumbia,NYU,Bocconi,Emory,Hawaii,Caltech,UCSC,ClaremontMcKenna,Guelph,Carleton,ArizonaState,aconferenceatUT-Dallas,andfivethoughtfulanonymousrefereeswerehelpful.Thankstoourresearchcoordinators,PhanDinhKhoi,HuynhTruongHuy,NguyenAnhQuan,NguyenMauDung,andresearchassistants,Bu
7、iThanhSang,NguyenTheDu,NgoNguyenThanhTam,PhamThanhXuan,NguyenMinhDuc,TranQuangTrung,andTranTatNhat.WealsothankNguyenTheQuanoftheGeneralStatisticalOffice,forallowingustoaccessthe2002householdsurveydata.Afundamentalquestionindevelopmenteconomicsistheextenttowhicheconomicsuc
8、cessislinkedtobasicfeaturesofhumanpreferences.Ifpeopleareextremelyaversetofinancialrisk,theymayb
