Credit Constraints and the Measurement of Time Preferences
通过理论分析和马里的实验数据，证明激励实验测量的时间偏好实际上反映了信贷约束和金融冲击，可用于检验风险分担模型。
Incentivized experiments are often used to identify the time preferences of households in developing countries. We argue theoretically and empirically that experimental measures may not identify preference parameters, but are a useful tool for understanding financial shocks and constraints. Using data from an experiment in Mali, we find that subject responses vary with savings and financial shocks, meaning they provide information about credit constraints and can be used to test models of risk sharing.