03_Methods

03_Methods - Did you google the "hot hand fallacy" on the...

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Did you google the “hot hand fallacy” on the web after the last class? 1. Yes, what I found was pretty interesting! 2. No, I’m not the type to do something like that. 3. The hot what? 4. google? If you were not curious, try this: Hot hand and Gambler’s fallacy • Hot hand: people tend to believe that when someone is “on a roll”, a streak of luck will continue. • Gambler fallacy: predisposition to think that a streak is about to end. E.g., after a coin has landed on heads five consecutive times, people are more likely than chance to predict that the next flip will land on tails.
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• “Parents around the country are withdrawing their children from small colleges. Their action comes after a release of a survey last week that found that students attending small colleges (less than 2000 students) consumed an average of 7.2 alcoholic beverages a week. By comparison, those attending large schools (more than 20, 000 students) consumed an average of 4.5 alcoholic drinks. Parents speculated that the pressures of the small
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This note was uploaded on 04/07/2008 for the course PSY 101 taught by Professor Gauthier during the Spring '08 term at Vanderbilt.

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03_Methods - Did you google the "hot hand fallacy" on the...

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