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Alcohol Consumption and Risk Attitude

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Author Info
Alejandra Cortes Aguilar (Department of Economic Theory and Economic History, University of Granada.)
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.)
Oyediran Segun (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.)

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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.

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File URL: http://www.ugr.es/~teoriahe/RePEc/gra/wpaper/thepapers08_09.pdf
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Publisher Info
Paper provided by Department of Economic Theory and Economic History of the University of Granada. in its series ThE Papers with number 08/09.

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Length: 23 pages
Date of creation: 02 Dec 2008
Date of revision:
Handle: RePEc:gra:wpaper:08/09

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Related research
Keywords: risk; alcohol; lottery;

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Find related papers by JEL classification:
C93 - Mathematical and Quantitative Methods - - Design of Experiments - - - Field Experiments
D85 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Network Formation
Z13 - Other Special Topics - - Cultural Economics - - - Social Norms and Social Capital; Social Networks Economic Anthropology

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Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Luigi Guiso & Monica Paiella, 2005. "The Role Of Risk Aversion In Predicting Individual Behavior," Temi di discussione (Economic working papers) 546, Bank of Italy, Economic Research Department. [Downloadable!]
    Other versions:
  2. Anderson, Lisa R. & Mellor, Jennifer M., 2008. "Predicting health behaviors with an experimental measure of risk preference," Journal of Health Economics, Elsevier, vol. 27(5), pages 1260-1274, September. [Downloadable!] (restricted)
    Other versions:
  3. Thomas Dohmen & Armin Falk & David Huffman & Uwe Sunde & Jürgen Schupp & Gert G. Wagner, 2005. "Individual Risk Attitudes: New Evidence from a Large, Representative, Experimentally-Validated Survey," Discussion Papers of DIW Berlin 511, DIW Berlin, German Institute for Economic Research. [Downloadable!]
    Other versions:
  4. Edward L. Glaeser & David I. Laibson & José A. Scheinkman & Christine L. Soutter, 2000. "Measuring Trust," The Quarterly Journal of Economics, MIT Press, vol. 115(3), pages 811-846, August. [Downloadable!] (restricted)
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