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Abstract
Despite mixed evidence, sport participants and fans heavily believe in the existence of the hot hand. Prior literature examining NBA and NFL betting markets found betters were biased towards hot teams. Using a unique market and data set, this study identifies if the hot hand is prevalent in daily fantasy baseball contests, if there is a profitable hot hand selection strategy, and if consumers believe in its existence. Results show that while there is no evidence of a hot hand effect, and no evidence of a profitable hot hand strategy, consumers believe in and incorporate it in their lineup decisions.
Original language | English (US) |
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Pages (from-to) | 374-401 |
Number of pages | 28 |
Journal | Journal of Sports Economics |
Volume | 24 |
Issue number | 3 |
DOIs | |
State | Published - 2023 |
Keywords
- baseball
- behavioral bias
- daily fantasy sports
- hot hand
ASJC Scopus subject areas
- Economics, Econometrics and Finance (miscellaneous)
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Dive into the research topics of 'Behavioral Biases in Daily Fantasy Baseball: The Case of the Hot Hand'. Together they form a unique fingerprint.Activities
- 2 Oral presentation
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Behavioral Biases in Daily Fantasy Baseball: The Case of the Hot Hand
Losak, J. (Speaker)
Mar 19 2022Activity: Talk types › Oral presentation
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Hot and Cold: Analyzing Asymmetric Consumer Response in Daily Fantasy Baseball Lineup Decisions
Losak, J. (Speaker)
May 6 2022Activity: Talk types › Oral presentation