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Does the Basketball Market Believe in the 'Hot Hand,'?

Camerer, Colin F. (1989) Does the Basketball Market Believe in the 'Hot Hand,'? American Economic Review, 79 (5). pp. 1257-1261. ISSN 0002-8282. http://resolver.caltech.edu/CaltechAUTHORS:20110211-141748791

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Abstract

Most people who watch basketball believe in the "hot hand": Players who make a shot are more likely to hit the next shot than players who miss a shot (i.e., shots are positively autocorrelated rather than independent). Almost everyone in the sample studied by Thomas Gilovich, Robert Vallone, and Amos Tversky (1985), including several successful professionals, believed in the hot hand.


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http://www.jstor.org/stable/1831452PublisherUNSPECIFIED
Additional Information:© 1989 American Economic Association. Thanks to Mike Chernew, Ben Maserang, Robye Frankel, Alan Frost, David Goldstein, and especially Lisabeth Miller for research assistance.
Record Number:CaltechAUTHORS:20110211-141748791
Persistent URL:http://resolver.caltech.edu/CaltechAUTHORS:20110211-141748791
Usage Policy:No commercial reproduction, distribution, display or performance rights in this work are provided.
ID Code:22148
Collection:CaltechAUTHORS
Deposited By: Tony Diaz
Deposited On:10 Mar 2011 00:30
Last Modified:26 Dec 2012 12:55

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