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Published December 1989 | Published
Journal Article Open

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

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.

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.

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