Dohmen, Thomas; Falk, Armin; Huffman, David; Marklein, Felix - Institute for the Study of Labor (IZA) - 2009
Keywords: bounded rationality, probability judgment, gambler's fallacy, hot hand fallacy,
representative design, long … respondents to predict that
tails comes up with a probability of more than 50%. The opposite bias, the so-called \hot hand
fallacy …", implies the belief that the streak of heads at the end of the sequence is likely to be
continued. Thus, the hot hand fallacy …