Alcohol Consumption and Risk Attitude

Alexandra Cortés Aguilar (), Antonio Espín Martín (), Filippos Exadaktylos, Segun Oyediran, Luis Alejandro Palacios García and Antonios Proestakis
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Antonio Espín Martín: Department of Economic Theory and Economic History, University of Granada.
Filippos Exadaktylos: Department of Economic Theory and Economic History, University of Granada.
Segun Oyediran: Department of Economic Theory and Economic History, University of Granada.
Luis Alejandro Palacios García: Department of Economic Theory and Economic History, University of Granada.
Antonios Proestakis: Department of Economic Theory and Economic History, University of Granada.

No 08/09, ThE Papers from Department of Economic Theory and Economic History of the University of Granada.

Abstract: This study examines the effect of alcohol on individual preferences in lottery games of varying risk profiles. The experiment was carried out in the field where the subjects were randomly sampled from a pool of visiting adults in festive-mood who were in the natural environment for drinking and social interactions. The results suggest that men’s risky behaviour is negatively correlated with alcohol expectancies, while women’s risky behaviour is negatively correlated with their actual alcohol consumption. The environment seems to have an additional effect on the subject's risk preferences.

Keywords: risk; alcohol; lottery (search for similar items in EconPapers)
JEL-codes: C93 D85 Z13 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cbe and nep-exp
Date: 2008-12-02
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Persistent link: http://EconPapers.repec.org/RePEc:gra:wpaper:08/09

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