Bleaney, Michael; Bougheas, Spiros; Li, Zhiyong - Centre for Decision Research and Experimental Economics … - 2014
frequently exhibit two types of biases, which are called the gambler’s fallacy (GF) and the hot hand fallacy (HHF). The … gambler’s fallacy is to expect a negative correlation in a process which is in fact random. The hot hands fallacy is more or … evidence of the gambler’s fallacy: a tendency to sell the dollar after it has risen persistently or strongly. …