Economic behavior under the influence of alcohol: an experiment on time preferences, risk-taking, and altruism.

ABSTRACT: We report results from an incentivized laboratory experiment undertaken with the purpose of providing controlled evidence on the causal effects of alcohol consumption on risk-taking, time preferences and altruism. Our design disentangles the pharmacological effects of alcohol intoxication from those mediated by expectations, as we compare the behavior of three groups of subjects: those who participated in an experiment with no reference to alcohol, those who were exposed to the possibility of consuming alcohol but were given a placebo and those who effectively consumed alcohol. All subjects participated in a series of economic tasks administered in the same sequence across treatments. After controlling for both the willingness to pay for an object and the potential misperception of probabi

SUBMITTER: Corazzini L 

PROVIDER: S-EPMC4390359 | biostudies-literature | 2015

REPOSITORIES: biostudies-literature