The gambler’s and hot-hand fallacies: Empirical evidence from trading data
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DOI: 10.1016/j.econlet.2019.108887
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… read more here.
Keywords: trading data; gambler hot; hot hand; empirical evidence ... See more keywords
Is it a Fallacy to Believe in the Hot Hand in the NBA Three-Point Contest?
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DOI: 10.1016/j.euroecorev.2021.103771
Abstract: Abstract The NBA Three-Point Contest has been considered an ideal setting to study the hot hand, as it showcases the elite professional shooters that hot hand beliefs are typically directed towards, but in an environment… read more here.
Keywords: nba three; hot hand; three point; hand ... See more keywords
Beyond heuristics, biases and misperceptions: the biological foundations of momentum (hot hand)
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DOI: 10.1080/1750984x.2020.1830426
Abstract: The belief in momentum and the hot hand has often been attributed to misperception and biased judgment. Here we review the major theoretical and empirical advances in the investigation of the succe... read more here.
Keywords: heuristics biases; hot hand; beyond heuristics; momentum hot ... See more keywords
Behavioral Biases in Daily Fantasy Baseball: The Case of the Hot Hand
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DOI: 10.1177/15270025221128955
Abstract: Despite mixed evidence, sport participants and fans heavily believe in the existence of the hot hand. Prior literature examining NBA and NFL betting markets found betters were biased towards hot teams. Using a unique market… read more here.
Keywords: hot hand; hand; fantasy baseball; behavioral biases ... See more keywords