We demonstrate that lottery markets can exhibit the “hot-hand” phenomenon, in which past winning numbers tend to …'s fallacy and the hot-hand fallacy can exist in different types of lottery games. We then run online experimental studies that … significant increase in hot-hand behavior in multiple-prize games with two or three winning numbers …

This paper illustrates the problems that arise with traditional tests for the hot hand and proposes instead using a … to the most-amateur of the golfers in our data, we do see weak evidence of a small hot hand. Thus casual athletes may … belief in the hot hand in professional sports exists, even when the evidence suggests otherwise. …

This paper illustrates the problems that arise with traditional tests for the hot hand and proposes instead using a … to the most-amateur of the golfers in our data, we do see weak evidence of a small hot hand. Thus casual athletes may … belief in the hot hand in professional sports exists, even when the evidence suggests otherwise. …