EC
The Hot Hand Lecture 5.docx

# The Hot Hand Lecture 5.docx - EC 370 Lecture 5 The Hot Hand...

• Notes
• 2

This preview shows pages 1–2. Sign up to view the full content.

EC 370 Lecture 5 The Hot Hand Survey Questions o Is have a basketball player more likely to make a shot after having made two or three or missed two or three? (91% yes) o Second foul shot more likely after a make? (68% yes) o Are you more likely to shoot after making a few? (96% yes) o Should you pass to the player who has made a few? (84% yes) o How likely is a 50% shooter to make a shot? After a make (61%) After a miss (42%) What is the Hot Hand? o A feeling of warmth after success o A confidence in one’s ability o A higher level of focus o A higher probability of making the next shot Only this is a statistical question This hypothesis can be tested The Law of Large Numbers o In repeated trials with a fixed probability (p) of success, the percentage of successes approaches p as number of trials increases o That is, flip a coin lots of times and you will almost certainly have about 50% heads o The sample success percentage is “representative” of the probability of success

This preview has intentionally blurred sections. Sign up to view the full version.

This is the end of the preview. Sign up to access the rest of the document.
• Summer '14

{[ snackBarMessage ]}

### What students are saying

• As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

Kiran Temple University Fox School of Business ‘17, Course Hero Intern

• I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

Dana University of Pennsylvania ‘17, Course Hero Intern

• The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

Jill Tulane University ‘16, Course Hero Intern