The hot hand in professional darts

This paper examines whether a hot hand in professional darts exists or the people’s belief in players performing better after experiencing recent success is a fallacy. By the means of five hot hand statistics, tested in an individual and pooled player analysis, I have found substantial evidence for the existence of the hot hand for the great majority of players. Players hit more often after previous hits than misses, their throw outcomes are clustered and hit streaks appear more often and are longer than expected. Concluding from these results, the economic relevance of the hot hand fallacy should be reconsidered