ORCID
Jeremy Losak: 0000-0002-4591-2762, Andrew Weinbach: 0000-0002-0131-5560
Document Type
Article
Date
5-1-2024
Keywords
behavioral bias, daily fantasy sports, baseball, hot hand
Language
English
Disciplines
Sports Sciences
Description/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 toward 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.
Recommended Citation
Losak, Jeremy M.; Weinbach, Andrew P.; and Paul, Rodney J., "Behavioral Biases in Daily Fantasy Baseball: The Case of the Hot Hand" (2024). Sport Management - All Scholarship. 63.
https://surface.syr.edu/sportmanagement/63
Source
submission
Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.
