In a controlled laboratory experiment, we study the causal effect of alcohol on economic
decision making. A treatment group was given a dose of alcohol designed to target a blood …

Overconfidence is linked to higher levels of trading and lower profits in financial markets.
This paper explores overconfidence and trading in a laboratory setting to determine whether …

The existing literature argues that people overestimate the accuracy of their information,
which then leads to higher trading volume and lower profits in financial markets. This paper …