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Randomness and the hot hand fallacy

In: Teaching Sports Economics and Using Sports to Teach Economics

Author

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  • Joshua Congdon-Hohman
  • Victor A. Matheson

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."

Suggested Citation

  • Joshua Congdon-Hohman & Victor A. Matheson, 2022. "Randomness and the hot hand fallacy," Chapters, in: Teaching Sports Economics and Using Sports to Teach Economics, chapter 12, pages 195-199, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:20612_12
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    Keywords

    Economics and Finance; Teaching Methods;

    Statistics

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