Overconfidence, Alcohol and the Environment: Evidence from a Lab-in-the-Field Experiment

Iain Long, Kent Matthews and Vaseekaran Sivarajasingam
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Vaseekaran Sivarajasingam: Cardiff University,School of Dentistry

No E2022/6, Cardiff Economics Working Papers from Cardiff University, Cardiff Business School, Economics Section

Abstract: Alcohol has long been known as the demon drink; an epithet owed to numerous social ills associated with it. Our lab-in-the-field experiment assesses the extent to which intoxication leads to changes in overconfidence or cognitive ability that are often linked to problematic behaviours. Results suggest that it is the joint effect of being intoxicated in a bar that matters. Subjects systematically underestimated their magnitude, suggesting that they cannot be held fully accountable for their actions.

Keywords: Alcohol intoxication; overconfidence (search for similar items in EconPapers)
JEL-codes: C93 D91 I18 (search for similar items in EconPapers)
Pages: 32 pages
Date: 2022-03
New Economics Papers: this item is included in nep-ban, nep-cbe, nep-exp and nep-neu
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Persistent link: https://EconPapers.repec.org/RePEc:cdf:wpaper:2022/6

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