He's on Fire? Strategic Decisions and Allocation Adjustments Under the Hot Hand Fallacy
This paper empirically explores 10 years of play-by-play data from the seasons 2011-2021 from National Basketball Association with a comprehensive dataset with 2.7 million shots to test for a hot hand, (i.e., predictability in future outcomes) using three separate models. I find proof for its existence in all short-term categories using panel data as well as when adjusting for shot difficulty usin
