Table 8.

Stability of Risk and Time Preferences

Explanatory variable	Dependent variable	Correlation coefficient	Regression coefficient	# Obs.
bet in 2002	# risky choices in 2007 (hyp)	0.070	0.066 (0.087) [0.488]	140
bet in 2002	# risky choices in 2007 (hyp-d)	0.043	0.045 (0.090) [0.586]	112
# risky choices in 2007 (hyp)	# risky choices in 2009 (hyp)	−0.059	−0.012 (0.102)	49
# risky choices in 2007 (hyp-d)	# risky choices in 2009 (hyp-d)	−0.009	0.003 (0.112)	32
Time preference in 2007 (hyp)	Time preference in 2009 (hyp)	0.432*** ++	1.036 (0.646)	49

Notes: Heteroskedasticity robust standard errors are in parentheses. Wild cluster bootrap p-values are in brackets.

Per-comparison significance: ***p <0.01,

^**p <0.05,

^*p <0.10.

FDR q-values: +++ q <0.01,

⁺⁺q <0.05,

⁺q <0.10 calculated for 5 hypotheses within table and column.

In regression column these are based on the heteroskedasticity robust standard errors. Controls in regressions include log income, sex, age, education, and village fixed effects. Hyp denotes that the game was hypothetical. Hyp-d additionally denotes that individuals choosing the strictly dominated optoin are excluded.