Essays on behavioral economics Public Deposited

http://ir.library.oregonstate.edu/concern/graduate_thesis_or_dissertations/h415pd197

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  • This dissertation consists of two essays that address behavioral economics issues. In first chapter we analyze the effects of psychological pressure on performance using National Basketball Association (NBA) free throw data from the 2002-2003 through 2009-2010 seasons. We find evidence that players choke under pressure – they shoot on average 5-10 percentage points worse than normal in the final seconds of very close games. Choking is more likely for players who are worse overall free throw shooters, and on the second shot of a pair after the first shot is missed. In general, performance declines as pressure increases (as game time remaining decreases, and as the score margin decreases, whether the shooter's team is winning or losing). However, we find no evidence of choking when games are tied in the final 15 seconds. We also fail to find evidence of performance under pressure being affected by home status, attendance, and whether or not the game is in the playoffs. In second chapter we develop a simple estimable model that allows the effects of psychological and physical states on players’ shooting performance to persist across multiple games. We use the model to test the existence of game-level hot hand and whether professionals believe in its existence using NBA game-level box score data from the 1991-92 through 2006-07 seasons. We find no evidence for a game-level hot hand of a substantial magnitude for various subsamples. However, simulation result indicates that the measurement error caused by using shooting percentage as the proxy for shooting ability might significantly bias the estimate of hot hand effect towards zero. We find moderate evidences of coaches' belief in both within and game-level hot hand – "hot" players will play more minutes so that they will have more shot attempts. We also find the magnitude of the belief in within game hot hand is three times as large as that of the game-level hot hand.
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  • description.provenance : Approved for entry into archive by Julie Kurtz(julie.kurtz@oregonstate.edu) on 2011-07-06T17:31:15Z (GMT) No. of bitstreams: 1 CaoZheng2011.pdf: 512131 bytes, checksum: b2b65b2e2165e1b32f6994e1f8cd6d0b (MD5)
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