Dohmen, Thomas; Falk, Armin; Huffman, David; Marklein, Felix - Institute for the Study of Labor (IZA) - 2009
behavioral predictions regarding the e ect
of the hot hand fallacy on long-term unemployment. If, in addition, we control for … baseline of long-term
unemployment in the sample is 6.8%, this is a considerable e ect. We therefore conclude that
our …
Keywords: bounded rationality, probability judgment, gambler's fallacy, hot hand fallacy,
representative design, long-term …