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Overconfidence and Public Intoxication Arrest: Evidence from a University Town Police Log

Author

Listed:
  • Hoffman Elizabeth

    (Professor of Economics, Iowa State University, Ames, IA, USA)

  • Kim Younjun

    (Associate Professor of Economics, Southern Connecticut State University, New Haven, CT, USA)

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.

Suggested Citation

  • Hoffman Elizabeth & Kim Younjun, 2023. "Overconfidence and Public Intoxication Arrest: Evidence from a University Town Police Log," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 23(2), pages 293-322, April.
    • Handle: RePEc:bpj:bejeap:v:23:y:2023:i:2:p:293-322:n:6
    DOI: 10.1515/bejeap-2022-0060
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    More about this item

    Keywords

    public intoxication; arrest; overconfidence;
    All these keywords.

    JEL classification:

    • I12 - Health, Education, and Welfare - - Health - - - Health Behavior
    • K42 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - Illegal Behavior and the Enforcement of Law
    • D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making

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