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Within-series momentum in hockey: No returns for running up the score

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  • Kniffin, Kevin M.
  • Mihalek, Vince
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    Abstract

    Drawing on data from 916 Division 1 men’s college hockey games played during a recent six-year period in the Western Collegiate Hockey Association (WCHA), we find evidence that positive momentum within 458 two-game series does not exist when controlling for team quality. We find that neither victory nor the margin of victory in Game 1 of a two-game series is predictive of the outcome of Game 2. We suggest that loss aversion should be considered in relation to questions of momentum.

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    Bibliographic Info

    Article provided by Elsevier in its journal Economics Letters.

    Volume (Year): 122 (2014)
    Issue (Month): 3 ()
    Pages: 400-402

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    Handle: RePEc:eee:ecolet:v:122:y:2014:i:3:p:400-402

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    Web page: http://www.elsevier.com/locate/ecolet

    Related research

    Keywords: Momentum; Hot hand; Sports; Loss aversion; Risk;

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    1. Kevin Kniffin, 2009. "Evolutionary perspectives on salary dispersion within firms," Journal of Bioeconomics, Springer, vol. 11(1), pages 23-42, April.
    2. Jane, Wen-Jhan, 2010. "Raising salary or redistributing it: A panel analysis of Major League Baseball," Economics Letters, Elsevier, vol. 107(2), pages 297-299, May.
    3. Livingston, Jeffrey A., 2012. "The hot hand and the cold hand in professional golf," Journal of Economic Behavior & Organization, Elsevier, vol. 81(1), pages 172-184.
    4. Braga, Breno & Guillén, Diogo, 2012. "Working under pressure: Evidence from the impacts of soccer fans on players’ performance," Economics Letters, Elsevier, vol. 114(2), pages 212-215.
    5. Devin G. Pope & Maurice E. Schweitzer, 2011. "Is Tiger Woods Loss Averse? Persistent Bias in the Face of Experience, Competition, and High Stakes," American Economic Review, American Economic Association, vol. 101(1), pages 129-57, February.
    6. Rachel Croson & James Sundali, 2005. "The Gambler’s Fallacy and the Hot Hand: Empirical Data from Casinos," Journal of Risk and Uncertainty, Springer, vol. 30(3), pages 195-209, May.
    7. David J. Bern & John Charles Bradbury, 2010. "Working in the Land of the Metricians," Journal of Sports Economics, , vol. 11(1), pages 29-47, February.
    8. Jonah Berger & Devin Pope, 2011. "Can Losing Lead to Winning?," Management Science, INFORMS, vol. 57(5), pages 817-827, May.
    9. Jeremy Arkes, 2013. "Misses in “Hot Hand†Research," Journal of Sports Economics, , vol. 14(4), pages 401-410, August.
    10. Berri, David J. & Simmons, Rob & Van Gilder, Jennifer & O'Neill, Lisle, 2011. "What does it mean to find the face of the franchise? Physical attractiveness and the evaluation of athletic performance," Economics Letters, Elsevier, vol. 111(3), pages 200-202, June.
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