Behavioral Biases in Daily Fantasy Baseball: The Case of the Hot Hand-Reference-Cited by-同舟云学术

Behavioral Biases in Daily Fantasy Baseball: The Case of the Hot Hand

Published:2022-09-21 Issue:3 Volume:24 Page:374-401
ISSN:1527-0025
Container-title:Journal of Sports Economics
language:en
Short-container-title:Journal of Sports Economics

Author:

Losak Jeremy M.¹^ORCID,Weinbach Andrew P.²,Paul Rodney J.¹

Affiliation:

1. David B. Falk College of Sport and Human Dynamics, Syracuse University, Syracuse, NY, USA

2. Wall College of Business, Coastal Carolina University, Conway, SC, USA

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.

Publisher

SAGE Publications

Subject

Economics, Econometrics and Finance (miscellaneous)

Link

http://journals.sagepub.com/doi/pdf/10.1177/15270025221128955

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