The Hot Hand Fallacy
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.
124
953 reads
CURATED FROM
IDEAS CURATED BY
As an avid freakonmics listener, I decided to compile a list of my own personal favorite economic facts and.
“
Similar ideas to The Hot Hand Fallacy
The planning 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...
The gambler's fallacy
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.
Being Aware of The Narrative Fallacy
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...
Read & Learn
20x Faster
without
deepstash
with
deepstash
with
deepstash
Personalized microlearning
—
100+ Learning Journeys
—
Access to 200,000+ ideas
—
Access to the mobile app
—
Unlimited idea saving
—
—
Unlimited history
—
—
Unlimited listening to ideas
—
—
Downloading & offline access
—
—
Supercharge your mind with one idea per day
Enter your email and spend 1 minute every day to learn something new.
I agree to receive email updates