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Chasing the Hot Hand: The Cognitive Fallacy of Winning Streaks and Statistical Mirages

By Alan Sterling
eBook
$5.99
By Alan Sterling
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Have you ever felt that you simply couldn't lose? That the next shot, the next trade, or the next bet was guaranteed to succeed because you were "on fire"? This intoxicating sensation is a universal human experience, yet it is entirely fabricated by a brain desperate for patterns.

The Hot-Hand Fallacy is the psychological illusion that a string of successes implies a greater probability of further success. We are biologically wired to see meaning in random sequences, turning sheer coincidenc...