Aharoni, Gil; Sarig, Oded H. - In: Applied Economics 44 (2012) 18, pp. 2309-2320
Past literature suggests that success rates in professional basketball are independent of past performance and this has been interpreted as evidence that the commonly shared belief in Hot Hands (<italic>HH</italic>) is a cognitive illusion. This is often cited as evidence of biased decision making, even when...