Categories
Resources for Accountants

Hot hand Fallacy: Easy explanation [Video]

Hot hand Fallacy: Easy explanation

In this video, you will learn about hot hand and important things you should know about the fallacy.

#hothand #hothandfallacy #wallstreetmojo #bias #finance

Chapters:
00:00 – Introduction
00:35 – What is a hot hand?
02:14 – Example
03:04 – Role of hot hand in investing
04:10 – Conclusion

What is a hot hand?
Hot hand is a fallacy in which people tend to have this notion or belief that if something has had a positive outcome in the past, then it will continue to do so.

The hot hand fallacy was first introduced in the cognitive psychology article “The Hot Hand in Basketball: On the Misperception of Random Sequences.” It was authored by Thomas Gilovich, Robert Vallone, and Amos Tversky.

Academics define hot hand as a behavioral bias studied in psychology and behavioral economics.

(Explained in detail in the video)

Example
We have shown an example of the hot hand fallacy using a real-life instance. So check out that part in the video to better understand the concept.

Role of hot hand in investing
Fallacies are very much present in finance, and even professional investors fall for them.

For example, an investor may fall for the gambler’s fallacy and sell the stock while it is in an uptrend, thinking it will reverse. Or they may fall for the hot hand fallacy and buy the stock in the uptrend, thinking it will keep going up.

All this is only going to hurt rather than do any good. But to avoid falling for these fallacies, you need to make smarter decisions rather than allowing biases to take control.

This was all about hot hand. Subscribe to the channel, like the video, and share it with others.

==========================================================================
Subscribe to Our Channel –
Youtube ►
https://www.youtube.com/channel/UChlNXSK2tC9SJ2Fhhb2kOUw?sub_confirmation=1
LinkedIn ► https://www.linkedin.com/company/wallstreetmojo/
Facebook ► https://www.facebook.com/wallstreetmojo
Instagram ► https://www.instagram.com/wallstreetmojoofficial/
Twitter ► https://twitter.com/wallstreetmojo

Watch/Read More
Categories
Resources for Accountants

Master Investment Banking with WallStreetMojo's IBMP Course! [Video]

🚀 Aspiring to break into investment banking or elevate your finance career? Whether you're a student, analyst, or professional seeking comprehensive training, this program is your gateway to mastering investment banking with real-world applications!​ 🎓 Introducing WallStreetMojo’s Investment Banking Mastery Program – Your all-in-one, expert-led journey into financial modeling, valuation, M&A, LBOs, and more!​ ✅ 91+ hours of self-paced, expert-led video tutorials ✅ One-year unlimited access – Learn at your convenience! ✅ Hands-on Excel-based learning with 100+ downloadable templates ✅ Master financial modeling, DCF, LBO, M&A, accounting, and derivatives ✅ Earn 18 industry-recognized certifications upon course completion ✅ Rated 4.8⭐ by thousands of satisfied learners!​ 🔹 What You'll Learn: 📌 Build comprehensive financial models from scratch 📌 Perform in-depth valuation analyses using DCF and trading comps 📌 Execute merger and acquisition modeling with real-world case studies 📌 Understand leveraged buyouts and construct LBO models 📌 Gain proficiency in Excel for finance, accounting principles, and ratio analysis 📌 Explore financial markets, instruments, and derivatives​ 📜 Upon completion, you'll receive 18 professional certificates to enhance your resume and open doors to opportunities in investment banking, private equity, corporate finance, and more.​ 💡 Join over 89,000 learners who have transformed their careers with WallStreetMojo. It's your turn to gain a competitive edge in the finance industry!​ 🎯 Start your journey to mastering investment banking today – Click below to enroll now! 👇​ 🔗 https://www.wallstreetmojo.com/investment-banking/investment-banking-mastery-program-certification-course-bundle/ 📢 Subscribe for more practical finance training and career tips! 🔔 Turn on notifications to stay updated on the latest in finance education!

Categories
Resources for Accountants

Comprehensive Training with WallStreetMojo! [Video]

🚀 Aspiring to break into investment banking or elevate your finance career? Whether you're a student, analyst, or professional seeking comprehensive training, this program is your gateway to mastering financial modeling and valuation with real-world applications!​ 🎓 Introducing WallStreetMojo’s Financial Modeling and Valuation Certification Course Bundle – Your all-in-one, expert-led journey into financial modeling, valuation techniques, and investment banking skills!​ ✅ 25+ hours of self-paced, expert-led video tutorials ✅ One-year unlimited access – Learn at your convenience! ✅ Hands-on Excel-based learning with 40+ downloadable templates ✅ Master financial modeling, DCF, trading comps, and more ✅ Exclusive McDonald's case study for practical application ✅ Earn 2 industry-recognized certifications upon course completion ✅ Rated 4.8⭐ by thousands of satisfied learners!​ 🔹 What You'll Learn: 📌 Build comprehensive financial models from scratch 📌 Perform in-depth valuation analyses using DCF and trading comps 📌 Understand financial statements and accounting principles 📌 Gain proficiency in Excel for finance and modeling 📌 Apply real-world scenarios to reinforce learning​ 📜 Upon completion, you'll receive 2 professional certificates to enhance your resume and open doors to opportunities in investment banking, equity research, corporate finance, and more.​ 💡 Join over 100,000 learners who have transformed their careers with WallStreetMojo. It's your turn to gain a competitive edge in the finance industry!​ 🎯 Start your journey to mastering financial modeling and valuation today – Click below to enroll now! 👇​ 🔗 https://www.wallstreetmojo.com/financial-modeling/financial-modeling-and-valuation-certification-course-bundle/ 📢 Subscribe for more practical finance training and career tips! 🔔 Turn on notifications to stay updated on the latest in finance education!

Categories
Resources for Accountants

Master Finance with WallStreetMojo Membership One-Time Payment, Lifetime Access! [Video]

🚀 Want to build a successful career in finance but don’t know where to start? Or maybe you’re already in the finance industry and want to level up your skills? We've got the perfect solution for you! 🎓 Introducing WallStreetMojo Membership – Your All-Access Pass to Mastering Finance! ✅ One-time payment, lifetime access – No subscriptions, no hidden fees! ✅ 50+ expert-led courses covering Financial Modeling, Investment Banking, Excel, Power BI & more! ✅ Learn at your own pace – Anytime, anywhere! ✅ Taught by industry veterans with 50+ years of combined experience. ✅ Trusted by thousands – Proven track record with 4.8⭐ on Trustpilot & 4.9⭐ on Google! 🔹 Courses You Get Access To: 📌 Financial Modeling Live Boot Camp 📌 Investment Banking Mastery Program 📌 Financial Analyst Fast Track 📌 Excel & Power BI Courses 📌 Technical Analysis & More! 📜 Earn certificates for every course you complete! Boost your resume & unlock career opportunities in Investment Banking, Equity Research, FP&A, and Corporate Finance. 💡 Thousands have already joined & landed jobs at top financial firms—Now it’s your turn! 🎯 Take control of your finance career today! Click below to join now! 👇 🔗 Join WallStreetMojo Membership Now 📢 Subscribe for more finance insights & career tips! 🔔 Turn on notifications so you never miss an update!