Cotton, Christopher and Price, Joseph (2006): The Hot Hand, Competitive Experience, and Performance Differences by Gender.
Download (119kB) | Preview
Using data on junior golf tournaments, we find evidence that the “hot hand” does exist, and that its prevalence decreases as golfers gain experience. This provides an explanation as to why studies that consider professional athletes conclude that the hot hand does not exist. We also show that females are much more likely to experience the hot hand compared with similar males, and provide evidence that this disparity is driven by differences in competitive experience. As golfers’ experience increases, gender dissimilarities disappear. We argue that exposure to competition may also drive other gender differences identified in competitive environments.
|Item Type:||MPRA Paper|
|Original Title:||The Hot Hand, Competitive Experience, and Performance Differences by Gender|
|Subjects:||J - Labor and Demographic Economics > J2 - Demand and Supply of Labor > J24 - Human Capital ; Skills ; Occupational Choice ; Labor Productivity
J - Labor and Demographic Economics > J1 - Demographic Economics > J16 - Economics of Gender ; Non-labor Discrimination
|Depositing User:||Christopher Cotton|
|Date Deposited:||20. Feb 2007|
|Last Modified:||21. Feb 2015 14:21|
Albright, S. Christian (1993). “A Statistical analysis of hitting streaks in baseball.” Journal of the American Statistical Association, 88: 1175-1183.
Barber, Brad M. and Terrance Odean (2001). "Boys will be boys: gender, overconfidence and common stock investment." Quarterly Journal of Economics, 261-292.
Camerer, Colin (1989). “Does the basketball market believe in the ‘Hot Hand’?” American Economic Review, 79(5): 1257-61.
Camerer, Colin and George Loewenstein (2004) “Behavioral Economics: Past, Present, Future.” In Advances in Behavioral Economics, Colin Camerer, George Loewenstein and Matthew Rabin, Eds. New Jersey: Princeton University Press.
Cheng, Louis T., Lynn K. Pi, and Don Wort (1999). “Are there hot hands among mutual fund houses in Hong Kong?” Journal of Business Finance and Accounting, 26n1-2, 103- 135.
Clark, Richard. (2005). “Examination of hole-to-hole streakiness on the PGA tour.” Perceptual and Motor Skills, 100: 806-814.
Dorsey-Palmateer, Reid and Gary Smith (2004). “Bowlers’ Hot Hands.” American Statistician, 58(1): 38-45.
Engelmann, Dirk and Martin Strobel (2000). “The False Consensus Effect Disappears if Representative Information and Monetary Incentives Are Given.” Experimental Economics, 3:241-260.
Gilden, David L. and Stephanie Gray Wilson (1995). “Streaks in skilled performance.” Psychonomic Bulletin and Review, 2: 260-265.
Gilovich, Thomas, Robert Vallone & Amos Tversky (1985). “The hot hand in basketball: On the misperception of random sequences.” Cognitive Psychology, 17, 295-314.
Gneezy, Uri, Muriel Niederle and Aldo Rustichini (2003). "Performance in Competitive Environments: Gender Differences." Quarterly Journal of Economics, 20:1049-1074.
Gneezy, Uri, and Aldo Rustichini (2002). "Gender and competition at a young age." American Economic Review, 94(2): 377-381.
Hendricks, Darryll, Jayendu Patel and Richard Zeckhauser (1993). “Hot Hands in Mutual Funds: Short-Run Persistence of Relative Performance, 1974-1988.” Journal of Finance, 48(1): 93-130.
Klaassen, Franc and Jan Magnus (2001). “Are points in tennis independent and identically distributed? Evidence from a dynamic binary panel data model.” Journal of the American Statistical Association, 96: 500-509.
Larkey, Patrick D., Richard A. Smith and Joseph B. Kadan (1989). "It's Okay to Believe in the 'Hot Hand'." Chance, 2(4):22-30.
Lenney, Ellen (1977). “Women’s self-confidence in achievement settings.” Psychological Bulletin, 84: 1-13.
Loewenstein, George, Ted O’Donoghue and Matthew Rabin (2003). “Projection Bias in Predicting Future Utility.” Quarterly Journal of Economics, 118(4): 1209-1248.
Lundeberg, Mary A., Paul W. Fox and Judith Puncochar (1994). “Highly confident, but wrong: Gender differences and similarities in confidence judgments.” Journal of Educational Psychology, 86(1): 114-121.
McFadden, Daniel (2006). “Free Markets and Fettered Consumers.” American Economic Review, 96(1): 5-29.
Mullen, Brian, Jennifer L. Atkins, Debbie S. Champion, Cecelia Edwards, Dana Hardy, John E. Story and Mary Vanderklok (1985). “The False Consensus Effect: A Meta- Analysis of 115 Hypothesis Tests.” Journal of Experimental Social Psychology, 21(3): 262-283.
Niederle, Muriel and Lise Vesterlund (2005). "Do women Shy Away from Competition? Do Men Compete Too Much?" Working paper, June 2005.
Ross, Lee, David Greene and Pamela House (1977). “The False Consensus Effect: An Egocentric Bias in Social Perception and Attribution Processes.” Journal of Experimental Social Psychology, 13(2): 279-301.
Selten, Reinhard and Axel Ockenfels (1998). “An Experimental Solidarity Game.” Journal of Economic Behavior and Organization, 34: 517-539.
Smith, Gary (2003). “Horseshoe pitchers’ hot hands.” Psychonomic Bulletin and Review, 10: 753-758.
Wardrop, Robert (1995). “Simpson’s paradox and the hot hand in basketball.” The American Statistician, 49: 24-28.