The "Hot Hand Fallacy" is a cognitive bias where people believe that a person who has experienced success in a random event is more likely to continue succeeding. For example, in sports, a basketball player making several consecutive shots may be perceived as having a "hot hand," leading fans and players to think they will keep scoring. This fallacy often occurs in situations involving chance, such as gambling or games of skill. Despite the player's previous successes, each event is independent, meaning past performance does not influence future outcomes. Understanding this fallacy can help individuals make more rational decisions in uncertain situations.