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Abstract I test the prediction of Rabin and Vayanos (2010) that a belief in continuation of streaks should be observed following long streaks, while a belief in reversals should be… Click to show full abstract
Abstract I test the prediction of Rabin and Vayanos (2010) that a belief in continuation of streaks should be observed following long streaks, while a belief in reversals should be observed following short streaks. Using a unique sample of retail investor trading data, the paper provides novel empirical evidence on the gambler’s and hot-hand fallacies.
Keywords:
trading data;
gambler hot;
hot hand;
empirical evidence;
hand fallacies
Journal Title: Economics Letters
Year Published: 2020
Link to full text (if available)
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Journal Title: Economics Letters
Year Published: 2020
Link to full text (if available)
Share on Social Media: Sign Up to like & get
recommendations!