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