Environment, alcohol intoxication and overconfidence: evidence from a lab-in-the-field experiment

Long, Iain W. ORCID: https://orcid.org/0000-0002-3607-4031, Matthews, Kent ORCID: https://orcid.org/0000-0001-6968-3098 and Sivarajasingam, Vaseekaran ORCID: https://orcid.org/0000-0003-3541-592X 2023. Environment, alcohol intoxication and overconfidence: evidence from a lab-in-the-field experiment. The Manchester School 91 (5) , pp. 389-413. 10.1111/manc.12439

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Abstract

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

Item Type:	Article
Date Type:	Publication
Status:	Published
Schools:	Business (Including Economics) Dentistry
Publisher:	Wiley
ISSN:	1467-9957
Funders:	British Academy/Leverhulme Trust Small Grant
Date of First Compliant Deposit:	25 April 2023
Date of Acceptance:	2 April 2023
Last Modified:	11 Oct 2023 21:08
URI:	https://orca.cardiff.ac.uk/id/eprint/159037

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