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Judgment error in lottery play : when the hot hand meets the gambler's fallacy

Kong, Qingxia; Granic, Georg D.; Lambert, Nicolas; Teo, … - In: Management science : journal of the Institute for … 66 (2020) 2, pp. 844-862

Persistent link: https://www.econbiz.de/10012213245

Surprised by the gambler's and hot hand fallacies? : a truth in the law of small numbers

Miller, Joshua B.; Sanjurjo, Adam - 2016 - This version: November 15, 2016

Persistent link: https://www.econbiz.de/10011809321

What do lab experiments tell us about the real world?: the case of lotteries with extreme payoffs

Kachurka, Raman; Krawczyk, Michał; Rachubik, Joanna - 2020

Persistent link: https://www.econbiz.de/10012196805

Eliciting probabilities, means, medians, variances and covariances without assuming risk neutrality

Schlag, Karl H.; Weele, Joël J. van der - In: Theoretical economics letters 3 (2013) 1, pp. 38-42

Persistent link: https://www.econbiz.de/10010239039

Testing Theories of Gambler’s Fallacy and Hot-hand Fallacy : Probability Bias vs. Randomized Choice

Li, King King - 2019

This paper proposes a new method to identify gambler's fallacy (GF) and hot-hand fallacy (HHF). In the classical method, subjects are classified as exhibiting GF/HHF even they are just randomizing/indifferent between options. In our method, subjects play the game twice and we vary the payoff...

Persistent link: https://www.econbiz.de/10012859406