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Hot Streaks in Artistic, Cultural, and Scientific Careers

When: 

Feb 18, 2019 - 1:50pm to 2:55pm

Where: 

Rettaliata Engineering Center, Room 104

Speaker: 

Dashun Wang
Department of Industrial Engineering and Management Sciences, Northwestern University

Description: 

The hot streak — loosely defined as `winning begets more winnings' — highlights a specific period during which an individual’s performance is substantially better than his or her typical performance. Although hot streaks have been widely debated in sports, gambling and financial markets over the past several decades, little is known about whether they apply to individual careers. Here, building on rich literature on the lifecycle of creativity, we collected large-scale career histories of individual artists, film directors and scientists, tracing the artworks, films and scientific publications they produced. We find that, across all three domains, hit works within a career show a high degree of temporal regularity, with each career being characterized by bursts of high-impact works occurring in sequence. We demonstrate that these observations can be explained by a simple hot-streak model, allowing us to probe quantitatively the hot streak phenomenon governing individual careers. We find this phenomenon to be remarkably universal across diverse domains: hot streaks are ubiquitous yet usually unique across different careers. The hot streak emerges randomly within an individual’s sequence of works, is temporally localized, and is not associated with any detectable change in productivity. We show that, because works produced during hot streaks garner substantially more impact, the uncovered hot streaks fundamentally drive the collective impact of an individual, and ignoring this leads us to systematically overestimate or underestimate the future impact of a career. These results not only deepen our quantitative understanding of patterns that govern individual ingenuity and success, but also may have implications for identifying and nurturing individuals whose work will have lasting impact.

Event Type: 

Department of Applied Mathematics - Colloquia