Gambler's Fallacy in Trading: Why Streaks Feel Due to End
Why after five red candles a bounce feels due: the gambler's fallacy and the hot-hand belief in the Rabin and Vayanos model, with the coin-flip data.
#mean-reversion
1 articles
1 articles
Why after five red candles a bounce feels due: the gambler's fallacy and the hot-hand belief in the Rabin and Vayanos model, with the coin-flip data.