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Based on data from a field-experiment in rural Uganda, we show that impatient farmers are more risk-averse than patient farmers. We relied on a simplified version of the Convex Time Budget (CTB) method to elicit farmers’ time preferences and on an independent method for eliciting their risk-preferences. We report two important findings. First, we show that our simplified CTB method applied to farmers from Uganda replicates the key findings of Andreoni and Sprenger’s lab experiments that involved student subjects. Second, we establish the existence of a negative correlation between risk tolerance and impatience, based on two independent measures. [ABSTRACT FROM PUBLISHER]

This study analyzes research results from experimental games played in the predominantly Bagisu area of Uganda in 2005. The games were designed to understand how husbands and wives manage household funds in relation to Amartya Sen's model of cooperative conflicts, which is widely used as a heuristic device for understanding intrahousehold bargaining. This study questions Sen's emphasis on the lower self-perceptions of personal welfare among women and on the role of cash contributions to the household as the basis of bargaining power, and it argues for a broader characterization of breakdown positions. [ABSTRACT FROM AUTHOR]