Testing “hot hand” hypothesis at the individual athletes' level in soccer

Vojtech Kotrba ()
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Vojtech Kotrba: Department of Economics, Prague University of Economics and Business

Economics Bulletin, 2023, vol. 43, issue 3, 1356 - 1365

Abstract: The existence of a hot hand in individual athletes' performance in soccer under fantasy sports rules is investigated in this paper. It is also investigated whether fantasy sports users use this heuristic in selecting their squads. Using unique data of the performance of athletes and fantasy sports users' demand for them, the results show some existence of a hot hand, however, it fails to explain most future performance. Hot hand explains about 10 percent of the variability in future performance data. However, it explains more than 60 percent of the variability in fantasy sports user demand data. It is crucial to acknowledge that the outcomes often exhibit a higher level of noise compared to the expected results.

Keywords: Fantasy sport; English Premier League; Competition; Media; Performance (search for similar items in EconPapers)
JEL-codes: D7 L8 (search for similar items in EconPapers)
Date: 2023-09-30
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