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The hot hand is the belief that success breeds success in a run of attempts (that a basketball player who has just made several shots is more likely to make the next), and the hot-hand fallacy is the claim that this belief misreads ordinary randomness. Gilovich, Vallone, and Tversky's 1985 The hot hand in basketball: On the misperception of random sequences found that players' makes and misses were close to statistically independent, so the perceived streakiness exceeded what the data supported; later work has debated how much a small analytic bias in that method understated any real effect. The referent is a belief about dependence in sequences of outcomes, studied through shooting records and perception experiments, and it is the mirror image of the gambler's fallacy, which expects streaks to reverse.[1]
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