This study examines whether complete transparency about the randomness of prediction-generating processes mitigates the hot hand fallacy and the conditions under which it may fail. In a pre-registered laboratory experiment (N=750), we showed that transparency about the prediction-generating...

This paper generalises the classic two-player war of attrition game with complete information to a game in which N heterogeneous players compete for N − K prizes. The game with K = 1 may have a nondegenerate equilibrium in which the players’ strategies follow exponential distributions. The...