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[hot hand fallacy] When experiencing a series of positive outcomes for a random event, we tend to predict that future outcomes will also be positive

[hot hand fallacy] When experiencing a series of positive outcomes for a random event, we tend to predict that future outcomes will also be positive [hot hand fallacy] When experiencing a series of positive outcomes for a random event, we tend to predict that future outcomes will also be positive
Source: simpsonsworld.com via Giphy
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Basketball players and fans alike tend to believe that a player's chance of hitting a shot are greater following a hit than following a miss on the previous shot. […] However, analyses shooting records provided no evidence for a positive correlation between the outcomes of successive shots. […] The belief in the hot hand and the “detection” of streaks in random sequences is attributed to a general misconception of chance according to which even short random sequences are thought to be highly representative of their generating process.

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Source : The hot hand in basketball: On the misperception of random sequences, 1985

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