1. All of the following are true EXCEPT
the baseball study finding evidence of the hot hand controls for weather
there are coaches, athletes and fans that believe in the idea of the hot hand
there is little evidence in support of the idea of the hot hand
in the hot hand paper from 1985, the Cornell basketball teams were not able to accurately predict their makes and misses
2. All of the following would be examples of the gambler's fallacy EXCEPT
the number 22 just came up on a roulette wheel, so you should not bet on it because it is more unlikely to come up again on the next spin
at the craps table, someone has rolled a seven three times in a row, therefore it is now less likely they will roll a seven
a slot machine has not paid out a jackpot for a long time, so it is more likely to pay out a jackpot
the lottery jackpot is higher, so it is now better to play the lottery
3. All of the following are true about the paper that found a hot hand effect in baseball EXCEPT
it defines hot differently than most other papers
it found the effect of being on a hot streak to be an increase of OBP of .025 - .030
it is unpublished
a lot of the effect found in the paper is due to hitters adjusting
4. Assume that in an NFL football game, your team has the ball 1st and 10 in the first quarter and you possessing the ball 1st and 10 is worth an expected value of 3 points. At what yard line do you have the ball 1st and 10?
the 50 yard line
your 3 yard line
your 21 yard line
your opponent's 6 yard line
your opponent's 30 yard line