NBA Contracts and Recency Bias: An Investigation into Irrationality in Performance Pay Markets
<|begin_of_text|><|start_header_id|>system<|end_header_id|> You are a research archivist expert in dataset metadata. Answer the question truthfully.  <|eot_id|><|start_header_id|>user<|end_header_id|> Here is the Description of a dataset. Description:'This paper examines the impact of lagged performance on free agent contracts for players in the National Basketball Association. The main approach of the paper is twofold. The first piece investigates how past performance affects future performance in the two seasons after contract year and compares it to the impact previous performance has on contract terms for free agent players. The second piece investigates the rationality of free agent contracts in their entirety by comparing the impact of lagged performance on total accumulated production and total dollar value paid. The goal is to determine if performance prior to contract year is underweighted in contract decision-making relative to its predictive power of future performance. There is evidence that performance in years prior to contract year is overlooked in contract determinatio' . Please return only a json list of at most 3 Keywords corresponding to the Description:.<|eot_id|><|start_header_id|>assistant<|end_header_id|> {"Answer" : ["Basketball -- United States -- statistics","Free agents (Sports) -- United States"]} <|eot_id|>
 Here is the Description of a dataset. Description:'This paper examines the impact of lagged performance on free agent contracts for players in the National Basketball Association. The main approach of the paper is twofold. The first piece investigates how past performance affects future performance in the two seasons after contract year and compares it to the impact previous performance has on contract terms for free agent players. The second piece investigates the rationality of free agent contracts in their entirety by comparing the impact of lagged performance on total accumulated production and total dollar value paid. The goal is to determine if performance prior to contract year is underweighted in contract decision-making relative to its predictive power of future performance. There is evidence that performance in years prior to contract year is overlooked in contract determinatio' . Please return only a json list of at most 3 Keywords corresponding to the Description:.
This paper examines the impact of lagged performance on free agent contracts for players in the National Basketball Association. The main approach of the paper is twofold. The first piece investigates how past performance affects future performance in the two seasons after contract year and compares it to the impact previous performance has on contract terms for free agent players. The second piece investigates the rationality of free agent contracts in their entirety by comparing the impact of lagged performance on total accumulated production and total dollar value paid. The goal is to determine if performance prior to contract year is underweighted in contract decision-making relative to its predictive power of future performance. There is evidence that performance in years prior to contract year is overlooked in contract determinatio
Basketball -- United States -- statistics; Free agents (Sports) -- United States