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- W2997309667 abstract "Abstract Water development is one of the key factors required to achieve sustainable development, poverty reduction, and even equity. This laborious, yet time‐consuming task may require in‐depth investment by public sectors. There is a fallacious school of thought better known to scholars as the hot hand fallacy, however, that could consequently jeopardize water resources sectors. The core concept of this fallacy is the misjudgment of the fluctuation of a random sequence, by assuming that a system would more likely perform desirably due to its previous streak of successful performances. This article intends to shed light on this phenomenon and its potential threat to water‐related sectors, and finally, demonstrate a few ostensible remediation actions, which could potentially minimize the risk of such misinterpretation of random‐based events." @default.
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- W2997309667 date "2019-12-29" @default.
- W2997309667 modified "2023-09-27" @default.
- W2997309667 title "Hot Hand Fallacy: A Contagious Misinterpretation in Water Resources Sectors" @default.
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- W2997309667 doi "https://doi.org/10.1002/9781119300762.wsts0088" @default.
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