Learnings Mental Models

The Hot Hand Fallacy: Unveiling the Illusion of Streaks

Introduction In the realm of decision-making, humans often succumb to cognitive biases that lead to irrational judgments and faulty reasoning. One such prevalent mental model is the Hot Hand Fallacy. It refers to the mistaken belief that a person’s success in a particular endeavor, such as sports or investing, is likely to continue in a […]