Search Results - subject:"Gambler's fallacy"

Rationality of weather predictions and insurance purchases : testing the gambler's and hot hand fallacies

Doidge, Mary; Feng, Hongli; Hennessy, David A. - In: Applied economics 51 (2019) 32, pp. 3498-3515

Persistent link: https://www.econbiz.de/10012196863

Chapter 2. Errors in probabilistic reasoning and judgment biases

Benjamin, Daniel J. - 2019

Errors in probabilistic reasoning have been the focus of much psychology research and are among the original topics of modern behavioral economics. This chapter reviews theory and evidence on this topic, with the goal of facilitating more systematic study of belief biases and their integration...

Persistent link: https://www.econbiz.de/10014023386

Do psychological fallacies influence trading in financial markets? Evidence from the foreign exchange market

Bleaney, Michael; Bougheas, Spiros; Li, Zhiyong - 2014

frequently exhibit two types of biases, which are called the gambler's fallacy (GF) and the hot hand fallacy (HHF). The gambler … gambler's fallacy: a tendency to sell the dollar after it has risen persistently or strongly. …'s fallacy is to expect a negative correlation in a process which is in fact random. The hot hands fallacy is more or less the …

Persistent link: https://www.econbiz.de/10011444308

Do psychological fallacies influence trading in financial markets? : evidence from the foreign exchange market

Bleaney, Michael F.; Bougheas, Spiros P.; Li, Zhiyong - 2014

Persistent link: https://www.econbiz.de/10010436496

Portfolio diversification : the influence of herding, status-quo bias, and the gambler's fallacy

Filiz, Ibrahim; Nahmer, Thomas; Spiwoks, Markus; Bizer, … - In: Financial markets and portfolio management 32 (2018) 2, pp. 167-205

Persistent link: https://www.econbiz.de/10011951946

“Rational” or “Intuitive”: Are Behavioral Biases Correlated Across Stock Market Investors?

Kudryavtsev, Andrey; Cohen, Gil; Hon-Snir, Shlomit - In: Contemporary Economics 7 (2013) 2, pp. 31-53

heuristic, gambler's fallacy and hot hand fallacy-on the mechanisms of stock market decision making and, in particular, the …

Persistent link: https://www.econbiz.de/10010436025

Gambler's fallacy in the classroom?

Kiss, Hubert János; Selei, Adrienn - 2013

Does students' hand tremble after marking three consecutive identical answers in a multiple choice test? We design an experiment to study if the likelihood to change incorrectly to a different answer than the last one depends on the number of identical previous answers. We do not find a clear...

Persistent link: https://www.econbiz.de/10010494574

Gambler's fallacy in the classroom?

Kiss, Hubert János; Selei, Adrienn - 2013

Persistent link: https://www.econbiz.de/10010221803

Gambler's fallacy in the classroom?

Kiss, Hubert Janos; Selei, Adrienn - Közgazdaság-tudományi Intézet, Közgazdaság- és … - 2013

Persistent link: https://www.econbiz.de/10010743474

Why do people pay for useless advice? Implications of gambler's and hot-hand fallacies in false-expert setting

Powdthavee, Nattavudh; Riyanto, Yohanes E. - 2012

We investigated experimentally whether people can be induced to believe in a non-existent expert, and subsequently pay for what can only be described as transparently useless advice about future chance events. Consistent with the theoretical predictions made by Rabin (2002) and Rabin and Vayanos...

Persistent link: https://www.econbiz.de/10010282207