this fallacy describes the belief that a person who has experienced success in the past is more likely to have continued success in the future, despite the outcomes being independent.
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As an avid freakonmics listener, I decided to compile a list of my own personal favorite economic facts and.
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Similar ideas to The Hot Hand Fallacy
The planning fallacy is the likelihood to underestimate the time it will take to finish a future task despite knowing that similar projects have taken longer in the past. For example, writers underestimate how long it will take to complete a novel; product managers miscalcula...
It is a glitch in our thinking that occurs when we place too much weight on past events, believing that they will have an effect on future outcomes.
The Narrative Fallacy makes us to see events as stories, with logical chains of cause and effect. When it comes to success, do not fall for the ‘narrative’ fallacy’ and think that great people became successful due to what happened to them, and if we emulate that, we will achieve...
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