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Comments on: Beer goggles and “demand” http://www.tvhe.co.nz/2009/04/22/beer-googles-and-demand/ The Visible Hand in Economics Thu, 23 Apr 2009 02:27:30 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Matt Nolan http://www.tvhe.co.nz/2009/04/22/beer-googles-and-demand/#comment-19239 Thu, 23 Apr 2009 02:27:30 +0000 http://www.tvhe.co.nz/?p=3652#comment-19239 @edmond

I suspect it leads to a market failure – but I agree that we need a fully funded study.

I suggest that a university pays us each $100,000 plus expenses to test the impact of alcohol on ourselves

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By: Matt Nolan http://www.tvhe.co.nz/2009/04/22/beer-googles-and-demand/#comment-19237 Thu, 23 Apr 2009 02:20:09 +0000 http://www.tvhe.co.nz/?p=3652#comment-19237 @Tom M

Ahhh very true – asymmetric information. Maybe we need people to get an objective rating and wear it around their neck when they go into town to solve this issue …

Actually – that wouldn’t be in my interest 😛

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By: Matt Nolan http://www.tvhe.co.nz/2009/04/22/beer-googles-and-demand/#comment-19236 Thu, 23 Apr 2009 02:18:29 +0000 http://www.tvhe.co.nz/?p=3652#comment-19236 @Brad Taylor

“If you ask most people what it means, I’m guessing almost everyone will say it’s women looking better after a few drinks”

That is the kicker isn’t it – I would define it as “I would be more willing to sleep with X following alcohol”. Hence the different conclusions between the study and myself.

The fundamental difference then is how it influences peoples preferences – which in itself is another interesting and important issue.

“Perhaps men don’t want to admit that their judgement changes, so blame it on their visual perception?”

Indeed! I think the study proved that on average it would have to be the result of a change in preferences.

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By: Matt Nolan http://www.tvhe.co.nz/2009/04/22/beer-googles-and-demand/#comment-19234 Thu, 23 Apr 2009 02:15:52 +0000 http://www.tvhe.co.nz/?p=3652#comment-19234 @Dismal Soyanz

Indeed – that was the gist of the post. Hence why, given my definition of beer goggles, I felt they were being a bit hard on the hypothesis that beer goggles exist 🙂

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By: Matt Nolan http://www.tvhe.co.nz/2009/04/22/beer-googles-and-demand/#comment-19232 Thu, 23 Apr 2009 02:14:48 +0000 http://www.tvhe.co.nz/?p=3652#comment-19232 @MikeE

What is “Coke dick” – and how would you study it?

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By: Matt Nolan http://www.tvhe.co.nz/2009/04/22/beer-googles-and-demand/#comment-19230 Thu, 23 Apr 2009 02:13:37 +0000 http://www.tvhe.co.nz/?p=3652#comment-19230 @agnitio

It is definitely the way I would use beer goggles – I think definitional consistency is just so important when working with a major social issue such as this.

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By: Matt Nolan http://www.tvhe.co.nz/2009/04/22/beer-googles-and-demand/#comment-19229 Thu, 23 Apr 2009 02:12:41 +0000 http://www.tvhe.co.nz/?p=3652#comment-19229 @rauparaha

I’m not really sure what those shows are – but it sounds awesome

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By: edmond http://www.tvhe.co.nz/2009/04/22/beer-googles-and-demand/#comment-19185 Wed, 22 Apr 2009 15:20:04 +0000 http://www.tvhe.co.nz/?p=3652#comment-19185 does this asymmetric information and time inconsistency constitute a market failure or improve efficiency with a market clearing effect?

I think a full study is needed: until we get more complete data the best we can do is just attribute it all to animal spirits.

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By: Tom M http://www.tvhe.co.nz/2009/04/22/beer-googles-and-demand/#comment-19181 Wed, 22 Apr 2009 04:02:37 +0000 http://www.tvhe.co.nz/?p=3652#comment-19181 It shouldn’t be forgotten that after a while alcohol does blur vision. Perhaps this results in asymmetrical information.

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By: Dismal Soyanz http://www.tvhe.co.nz/2009/04/22/beer-googles-and-demand/#comment-19176 Wed, 22 Apr 2009 01:36:21 +0000 http://www.tvhe.co.nz/?p=3652#comment-19176 My point is that this study shows that the “beer goggles” phenomenon could well be explained by a change in preferences given that perceptions appear to be unchanged.

I believe that the reduction of inhibitions from alcohol is pretty well documented and proven. Thus after a few beers a guy may well be

a) more likely to express a previously unvoiced favourable opinion on someone (the barmaid),
b) more willing to act on that opinion; and
c) less concerned about the opinion of others.

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