Monday, November 26, 2012

The Real Hot Hand Fallacy Rears Its Head

In ESPN's The Daily Dime, Jim Cavan writes: "The Knicks will and should ride Anthony's hot hand while they can." (No permalink seems to be available.)

This is the notion that Gilovich, Vallone, and Tversky debunked. It is certainly out there, and they did a good job debunking it: the hot hand, if it exists, is useless for prediction. There is no sense trying to "ride" it.

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