People who think they have a "hot hand" after winning five poker hands in a row tend to think that ____.
A)it is more likely they will win the next hand than is actually the case
B)it is more likely they will lose the next hand than is actually the case
C)they are equally likely to win versus lose the next hand
D)their winning is due to having better traits than the other players

Question

Quizplus · Accepted Answer

The "hot hand" fallacy is the belief that a person who has experienced success with a random event has a higher chance of further success in additional attempts. In the context of poker, if someone wins five hands in a row, they might incorrectly believe they are more likely to win the next hand, despite the outcomes being largely independent and subject to chance.

People Who Think They Have a "Hot Hand" After Winning