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Overconfidence and Public Intoxication Arrest: Evidence from a University Town Police Log
Resource type
Authors/contributors
- Hoffman, Elizabeth (Author)
- Kim, Younjun (Author)
Title
Overconfidence and Public Intoxication Arrest: Evidence from a University Town Police Log
Abstract
We show that overconfident individuals are likely to be arrested for public intoxication by using arrest records from a university town police log. This relationship is robust to various control variables such as risk aversion, time discounting, present bias, self-control, selfishness, loss aversion, and socializing with peers arrested for public intoxication. However, this relationship is no longer significant using only self-reported arrest data. We hypothesize that overconfident individuals are likely to underreport their arrests. This result has important implications for the use of self-reported data on public intoxication arrests rather than actual arrest records.
Publication
The B.E. Journal of Economic Analysis & Policy
Publisher
De Gruyter
Date
2022-12-16
Citation Key
hoffmanOverconfidencePublicIntoxication2022
Accessed
1/5/23, 3:11 PM
ISSN
1935-1682
Short Title
Overconfidence and Public Intoxication Arrest
Language
en
Library Catalog
Extra
0 citations (Crossref) [2023-10-31]
Citation
Hoffman, E., & Kim, Y. (2022). Overconfidence and Public Intoxication Arrest: Evidence from a University Town Police Log. The B.E. Journal of Economic Analysis & Policy. https://doi.org/10.1515/bejeap-2022-0060
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