Randomness and the hot hand fallacy

Joshua Congdon-Hohman and Victor Matheson

Chapter 12 in Teaching Sports Economics and Using Sports to Teach Economics, 2022, pp 195-199 from Edward Elgar Publishing

Abstract: Sports fans will typically attribute long streaks of success or failure to players or teams "going cold" or "getting hot" even though statistical analysis of sports data tends to show that streakiness is instead simply due to natural random processes that lead to occurrences of consecutive successes or failures at a much higher rate than most people would typically expect. This paper describes a classroom experiment that can be used to describe the "hot-hand fallacy."

Keywords: Economics and Finance; Teaching Methods (search for similar items in EconPapers)
Date: 2022
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