(iii) Suppose that Dominic serves 101 times. The sequence of serves is {Left, Right, Left, Right … Left, Right, Left, Right, Left}. Explain why Dominic’s strategy might not be consistent with equilibrium behavior. Describe a statistical test you might use. (iv) What is a randomized t test and why did some authors need to use such a test? 5. (i) Some authors think a hot hand results from positive serial correlation. Others think it results from non-stationarity. Explain briefly the difference between those two concepts. (ii) Explain why it may be easier to find a hot hand in baseball than in field goal shooting in basketball. (iii) Explain what the following table shows. To what does the bias adjustment refer?
(iv) Explain what columns (1) and (5) of the following table show.
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